# Latam Daily: Brazil Recovery Moderates; Colombia Consolidates Gains | Post

> Brazil's activity recovery slowed in November, with real activity rising 0.59% m/m sa, slightly above consensus, though still 0.83% below 2019 levels. Colombia's January BanRep survey showed analysts expecting higher growth and inflation of 2.69% y/y for December 2021, with anchored expectations.

- Date: 2021-01-19 · published 2021-01-19T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/49444-latam-daily-brazil-recovery-moderates-colombia-consolidates-gains-post
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A slower Brazilian recovery and fading fiscal support point to softer domestic feed demand growth, a modest factor for the real and regional commodity demand.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-09-04 | [Brazil's real slips against firmer dollar, Wall St slide hits Latam stocks \| Financial Post](https://feedsoft.ai/events/51311-brazil-s-real-slips-against-firmer-dollar-wall-st-slide-hits-latam-stocks.md) | -0.1% | +7.1% |
| USDBRL | 2021-07-01 | [Latam FX fall on virus worries; Brazil's real down 1% \| Financial Post](https://feedsoft.ai/events/46264-latam-fx-fall-on-virus-worries-brazil-s-real-down-1-financial-post.md) | +4.5% | +0.8% |
| USDBRL | 2020-02-14 | [Brazil Daily](https://feedsoft.ai/events/54784-brazil-daily.md) | +1.2% | +10.0% |
| USDBRL | 2020-10-20 | [Colombia's peso leads rise among Latam FX after approving 2021 budget \| Financial Post](https://feedsoft.ai/events/50918-colombia-s-peso-leads-rise-among-latam-fx-after-approving-2021-budget-financial.md) | +0.6% | -4.3% |
| USDBRL | 2026-06-24 | [Brazilian Real: LatAm policy paths and FX levels – Societe Generale](https://feedsoft.ai/events/19020-brazilian-real-latam-policy-paths-and-fx-levels-societe-generale.md) | -0.3% | -2.4% |

## Sources

- scotiabank.com: https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.daily-publications.latam-daily.latam-daily.2021-issues.-january-19--2021-.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.