Market reduces projection for Brazilian GDP in 2023 from 1.75% to 1.69% -Focus report

The median projection of market economists for the Broad National Consumer Price Index (IPCA) for 2022 rose from 5.09% to 5.15%. For 2023, it remained at 3.40%, and for 2024, at 3.00%.

RIO DE JANEIRO, BRAZIL - The median of the market projections for the growth of the Brazilian economy in 2022 remained at 0.29% in the Focus Report of the Central Bank (BC), released this Monday (24), with estimates collected until the end of last week.

For 2023, however, the midpoint of expectations for expanding the Gross Domestic Product (GDP) was reduced from 1.75% to 1.69%. For 2024, it remained at 2.00%.

According to central bank estimates, the median market forecast for GDP growth in 2021 has fallen again, from 4.50% to 4.48%.

The Brazilian Institute . . .

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