On the final day of what organisers dubbed the biggest Brazil Windpower event ever – and just as executives from the six turbine OEMs in Brazil finished a panel discussing investments – reality struck: the Brazilian government announced that its economy had shrunk 0.2% in the first quarter of 2019.
Although the decline was more or less expected due to a flurry of earlier indicators, including a persistent unemployment rate at 13% and low power demand, the GDP figure was a bucket of cold water on the optimism that flowed on the previous days of the event.
