Brazil market reduces projections for GDP growth in 2021 from 5.01% to 4.97% – Focus report

The median of the IPCA inflation projections in 2021 rose for the 29th consecutive week, now from 8.69% to 8.96%. For 2022, it rose for the 14th week in a row, from 4.18% to 4.40%.

RIO DE JANEIRO, BRAZIL - The median of the market's projections for the growth of the Brazilian economy in 2021 fell again, from 5.01% to 4.97%, in the Focus Report of the Central Bank (BC), released this Monday (25) with estimates collected through the end of last week.

For 2022, the midpoint of the expectations for expanding the Gross Domestic Product (GDP) was reduced from 1.50% to 1.40%.

The Brazilian economy shrank 0.1% in the second quarter, according to the Brazilian Institute of Geography and Statistics (IBGE), at the beginning of September, below the median . . .

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