RIO DE JANEIRO, BRAZIL - "The problem will not be low growth, the problem will be resilient inflation. Inflation will probably be a little bit higher than you are projecting, but so will growth. I don't make forecasts, I joke about forecasts, about wrong ones," the Minister said while taking part in an online event promoted by a Brazilian bank.
In its latest Focus report, a Central Bank (BC) weekly survey of financial institutions, market analysts project GDP growth of 0.9% in 2022 and official inflation of 4.8% next year, as measured by the National Wide Consumer Price . . .