RIO DE JANEIRO, BRAZIL - Credit Suisse raised its forecasts for Brazilian GDP in 2022 from a decline of 0.5% to a slight increase of 0.2% this year, while maintaining its expectations for inflation and interest rates.
According to economists Solange Srour, Lucas Vilela and Rafael Castilho, signatories to the report, the government has taken several measures to stimulate short-term economic growth, such as a 25% cut in the industrial products tax (IPI) and the release of FGTS withdrawals amounting to 0.4% of GDP.
For 2023, the GDP growth projection of 2.1% (due to the expected . . .