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IMF estimates Brazilian economic growth to be less than halve in Lula’s first year

The Fund's new estimates project very moderate annual growth of 1.2% for Brazil's economy, in contrast to the 3.1% seen in 2022.

The country is out of line with the average growth rate for emerging economies.

Brazil's economic turnaround has greatly impacted growth expectations for the medium and long term.

The new growth projections reported by the International Monetary Fund (IMF) suggest that the country will grow by only 1.2% in 2023.

The growth rate will more than halve compared to the 3.1% observed during 2022.

The pace of growth in 2023 would . . .

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