Is Brazil's potential Gross Domestic Product (GDP), the capacity of the country's economy to grow without causing inflationary pressures, already higher than estimated by most economists?
This question has been asked since the IBGE released the National Accounts data in September, which showed a 1.2% growth in GDP in the second quarter of 2022, once again above market projections.
Since then, the Minister of Economy, Paulo Guedes, has been beating the drum that the models used by economists are outdated or that there is an anti-government political bias in the projections.
In early November, an Informative . . .
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