Brazilian Economy exceeds forecasts, retraction may be delayed to 2023

The shock of high commodity prices, improvement in the services sector, and even the government's forecast of a new fiscal stimulus pushed the projections for GDP contraction beyond this year.

RIO DE JANEIRO, BRAZIL - After positive surprises with activity in the year's first half, the Brazilian economy enters the second half of 2022 under low visibility.

Since the data from the beginning of the year started coming in better than expected, analysts expected that starting in July, economic activity would begin to feel the monetary tightening in a more relevant way, slowing down.

This view remains, but with the strong recovery . . .

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