INSUBCONTINENT EXCLUSIVE:
program.Haddad criticized financial market analysts for their inaccurate economic growth projections
He pointed out that while they predicted a 1.5% growth for 2024, the actual figure is closer to 3.5%
This discrepancy underscores the unpredictable nature of economic forecasts and the need for caution when interpreting market
predictions.The real has experienced a significant devaluation, surpassing R$6 per dollar
This represents a 20% increase in 2024 and over 3% in recent days alone
(Photo Internet reproduction)Haddad unveiled a fiscal plan aimed at saving R$70 billion (approximately $12 billion) between 2025 and 2026
This strategy involves redistributing taxes and cutting public spending
A key aspect of the plan is taxing individuals earning over $8,000 monthly while exempting 36 million workers earning up to $800 from income
largely due to inaccurate projections
He stressed the importance of recognizing these errors and adjusting forecasts accordingly
The coming weeks will likely see continued market volatility as investors and analysts reassess their positions in light of these
