The International Monetary Fund (IMF) expects Brazil to grow much faster this year, in line with the trend for Latin America and the Caribbean, as economic activity was stronger than expected in the first half of the year.
In its Global Economic Outlook report released Tuesday, the Fund now projects Brazil's gross domestic product to grow 2.8 percent in 2022, up 1.1 percentage points from its previous estimate in July.
However, economic activity is expected to slow sharply in 2023, with growth of just 1.0%, according to the IMF, which revised down its estimate for the . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here