BRAZIL: LATEST GDP FORECAST GOES FROM 2.76% TO 2.77%

The bulletin released on Monday (14) by Brazil’s Central Bank showed a slight Gross Domestic Product (GDP) increase for 2022, and stability for 2023. The figures for 2022 went from 2.76% to 2.77%, over 2.71% a month ago. The GDP growth forecast for 2023 remained at 0.70% when compared to 0.59% a month earlier. The bulletin also showed that projections for 2024 were kept at 1.8%. For 2025, projections remain at 2%. The report also indicated a slight improvement in the projection for the indicator that measures the ratio between the net public sector debt and the GDP for 2022, which fell from 58.45% to 58.00%.

Sources: Estadão Conteúdo/Canal Rural (*Translated by Ia Niani)