Brazil raises its economic growth forecast for 2022 to 2%

The Brazilian Economy Ministry's initial forecast was for a GDP increase of 1.5% this year.

RIO DE JANEIRO, BRAZIL - Brazil's Economy Ministry sources said the portfolio would raise its growth forecast this year to 2% from 1.5%, a change backed by stronger-than-expected recent economic indicators.

The revision will come out this week and will serve as the basis for calculating government revenues and expenditures in a bimonthly report to be published on July 22; the sources said anonymously as the figures are not public.

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