The Resurgence of the Brazilian North-East?

Billions in investments are expected to boost the Northeast's gross domestic product (GDP) and allow the local economy to grow faster than the Brazilian average in the long term. According to a study conducted by several national and international consulting firms, the region is expected to record average growth of 3.4 percent per year between 2026 and 2034, which is higher than the 2.5 percent recorded for the country during this period. Industrial development is important for Brazil, whose GDP continues to grow slowly and below the ideal rate of 4% per year, despite progress in the agricultural industry, the service sector, mining and the oil and gas sector. To stimulate growth, an expansion of the manufacturing sector is essential, as has happened in several countries. Therefore, the success of the NIB could be a turning point in national development.