Flash Notes

20 de Março de 2026
Monthly Report | Economic and Financial Market Outlook | March 2026

Geopolitics and Tariffs: A New Test for Economic Resilience


After a first month of the year filled with various emotions (Venezuela, Greenland, etc.), the first quarter ended with new changes in the tariff scenario, following the US Supreme Court's decision to invalidate the legal route used by the Trump Administration to redesign a large part of the tariff landscape and, above all, with the tensions' intensification in the Middle East as a result of the start of the armed conflict in Iran.