Brazil

[Brazil] - Brazil's central bank raises growth projection for 2023 to 2%

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The Central Bank of Brazil has revised its forecast for the country's economic growth in 2023, raising it from 1.2% to 2.0%.This updated projection reflects a more optimistic outlook compared to three months ago.However, the bank also highlighted that Brazil's economic scenario continues to be one of deceleration, influenced by global growth slowdown and the cumulative impacts of national monetary policy.The upward revision in the growth forecast is attributed to the positive surprise of the first quarter.Despite this increase, the bank emphasizes that the projection still indicates a deceleration of economic activity ..To read the full NEWS and much more, Subscribe to our Premium Membership Plan.
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Category: Brazil