Brazil to face downward corrections of economic projections for 2022

Persistent inflation and the potential consequences of the arrival of the Omicron variant of Covid impacted specialists' forecasts.

RIO DE JANEIRO, BRAZIL - The Brazilian economy is facing a growing risk of downward corrections for 2022 after posting lower-than-expected GDP growth in the third quarter and plunging into uncertainty over the potential economic impact of the new variant of the coronavirus.

"The main driver underpinning Brazilian GDP is the services sector. The performance of this sector will very likely guarantee positive GDP growth this year and also in 2022, but any factor impacting it will affect the economy's performance," Banco Alfa chief economist Luis Otavio Leal said. The expert projects 4.8% growth in activity this . . .

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