Brazil: Retail Foods
In 2015, food retail sales amounted to R$315.8 billion (US$94.5 billion), 5.35 percent of Brazil’s GDP of R$ 5.9 trillion (US$ 1.8 trillion). Although trade was one of the sectors vigorously hit by the recession, food retailers were less affected and seem to be recovering faster than other segments of the economy. Despite the challenging scenario, expectations for the Brazilian economy seem to be improving and the food retail sector is already projecting growth for the upcoming year.
