Inflation, not low growth, will be Brazil’s main economic problem in 2022 – Minister of Economy

Resilient inflation will be Brazil's main economic problem in 2022, said yesterday Minister of Economy Paulo Guedes. Low growth forecasts for next year may not be confirmed, he said, with the most pessimistic projecting growth between 0% and 1% of the Gross Domestic Product (GDP).

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 . . .

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