Investing.com – Economists raised growth projections for the Brazilian economy in 2024, while reducing inflation projections, as released by the Central Bank this Tuesday, 26.
Check below the expectations for , , and :
Inflation
Economists consulted by the BC revised downwards the projection for the Broad Consumer Price Index (IPCA) for 2024 from 3.79% to 3.75%. The center of the target is 3%, with a 1.5 percentage point limit for more or less. Estimates for 2025 were reduced from 3.52% to 3.51% and those for 2026 were maintained at 3.50%.
Selic
Economists maintained their expectation for the Selic basic interest rate in 2024 at 9%, while that for 2025 remains at 8.50%, the same as in 2026.
GDP
Economists raised projections for the growth of the Brazilian economy measured by Gross Domestic Product (GDP) in 2024 from 1.80% to 1.85%. Estimates for 2025 and 2026 were maintained at 2%.
Dollar
In relation to the dollar, bets for 2024 were maintained at R$4.95. For 2025, the projection remains at R$5, while that for 2026 fell from R$5.04 to R$5.03.
How to find rare gems among companies in the Brazilian market? Boost your earnings with strategies that surpass the average! If you want to increase your profitability, InvestingPro is for you. Our readers have an extra discount on the one and two year Pro and Pro+ plans with the coupon INVEST.
Tags: Economists raise GDP projection reduce IPCA Investing .com
