According to the Central Bank’s Focus report, the financial market’s forecasting for Brazil’s economic growth in 2024 has increased from 2.05% to 2.09%. The market expects GDP to grow by 2% in the coming years. IPCA is expected to rise to 3.76% by 2024. To curb inflation, the Central Bank keeps the basic interest rate at 10.5% every year. The Selic is expected to fall gradually, reaching 9.75% by 2024.
Source: Dinheiro Rural (*Translated by Ia Niani)
MARKET RAISES ECONOMIC EXPANSION FORECAST TO 2.09% IN 2024
Published On - 16 de May de 2024