Welcome to “Number of the Week,” where we choose a single figure that helps understand what is going on in Brazil. This week, we show why markets’ expectations for Brazil are growing less optimistic.
- GDP growth forecast for 2022
Brazil’s Central Bank held a private meeting with analysts from 42 institutions to assess markets’ concerns regarding next year’s macroeconomic indicators. Analysts believe that the economy is moving into an election-year rhythm, which should lead to greater pressure for more public spending, putting the fiscal side at risk.
In addition, high inflation and interest rate increases,...