Stable projections for the Brazilian economy

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Stable projections for the Brazilian economy
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According to the average forecast, GDP will grow by 2.86% in 2023. Some investment banks have already estimated expansion at slightly more than 3%.

Market analysts BrazilThe central bank, which consults weekly to prepare its focus report with economic forecasts, kept the situation unchanged for the year.

  • According to the average forecast, GDP will grow by 2.86% in 2023. Some investment banks have already estimated expansion at slightly more than 3%.

In terms of inflation, analysts estimate that the broad consumer price index will rise by 4.86%. In this framework, the market expects the dollar to stand at 4.95 riyals by the end of the year.

However, it is a foreboding condition of what happens in global markets with the US currency, which has been rated against others since July.

In turn, the Selic rate, which is currently 12.75%, will be reduced to 11.75% by the end of the year. The BCB was the first in the region to cut interest rates, a path other monetary authorities have since followed.

  • All central banks in Latin America will cut their rates in 2024.

The trade surplus will reach 72.1 billion US dollars. In fiscal terms, the imbalance is estimated at 1.10% of GDP and 7.40% of nominal GDP at the primary end.

Projections for 2025 show a decline in GDP growth, which will be 1.50%, but an improvement in terms of inflation, which will be reduced to 3.87%.

In the case of Argentina, economic performance Brazil Because it is its main trading partner.

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