INSUBCONTINENT EXCLUSIVE:
Haddad expects Brazil to achieve 3.6% GDP growth and a primary deficit of just 0.1% for the previous year.These figures paint a picture of
economic resilience in the face of global challenges
adaptability to changing market conditions
Near-Zero Deficit for 2024 in Brazil
Strong domestic demand and a resilient labor market supported growth
The country also benefited from robust agricultural output and stable industrial production.However, challenges remain on the horizon
Brazil faces a more uncertain global economic environment in 2025
experienced significant volatility in 2024
It ended the year at 6.18 to the United States dollar, a 27% increase
This depreciation has led to calls for new fiscal measures to stabilize the exchange rate.Looking ahead, the Finance Ministry projects a
growth rate of 2.5% for 2025
considering revisions to several social programs
These include unemployment insurance and education funding
expectations set at the beginning of the year
Initial forecasts predicted growth of just 1.6%
