Investor Presentaiton
KEY ASPECTS OF THE
BRAZILIAN MARKET
2015
4Q20
ECONOMIC ACTIVITY PERFORMANCE (%)
GDP (%)
GRADUAL ECONOMIC
20
10
RECOVERY WEIGHED
DOWN BY THE COVID-
0
-3.55
-4.07
19 GLOBAL CRISIS
-10
-20
SELIC RATE (%)
LOWEST LEVEL IN
14.25
-30
2.00
-40
HISTORY
INFLATION (%)
ANCHORED
EXPECTATIONS
10.67
4.52
FX (BRL/USD)
FREE FLOATING
EXCHANGE RATE
5.20
3.90
Santander's Estimate¹
Dec-15
Mar-16
Jun-16
Sep-16
Dec-16
Mar-17
Jun-17
Sep-17
Dec-17
Industrial production
Mar-18
Jun-18
Sep-18
Dec-18
Mar-19
Retail sales
Jun-19
Sep-19
Dec-19
Mar-20
Jun-20
Sep-20
Dec-20
Volume of services
SOCIAL INDICATORS
+212MM
BRAZILIAN POPULATION
ESTIMATE IN 2020
13.2%¹
DEC-20
UNEMPLOYMENT
RATE
-137 bps
4Q20 vs. 3Q20
+222 bps
4Q20 vs. 4Q19
Santander
Sources: Brazilian Central Bank and IBGE. 1 Santander Brasil Economic Department Estimative
8.32
1.13
-3.34
st
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