Brazil’s economic growth forecast for this year is raised to 1,89% from 1,85%

Gross domestic product is expected to grow 2 per cent in 2025, and is also expected to grow 2 per cent in 2026 and 2027. According to the Brazilian Institute of Geography and Statistics (IBGE), the economy grew by 2,9 per cent in 2023, exceeding forecasts, with a total value of R$10,9 trillion (US$2,15 trillion). In 2022, the growth rate was 3 per cent.

The inflation forecast is within the target range set at 3 per cent with an acceptable deviation interval. The SELIC benchmark interest rate, reduced to 10.75 per cent per annum, must fall further to reach the inflation target. This is reported by
RedeTV!, a partner of TV BRICS.

The rate is expected to end 2024 at 9 per cent per annum, fall to 8.5 per cent by the end of 2025 and remain at that level in 2026 and 2027. These steps could have an impact on stimulating production and consumption, as well as on controlling inflation and overall economic activity.



Share your love