Brazil Analysts Lift Growth Bets After Economy Outperformed Anew
- Analysts see GDP growing 2.56% in 2023; 1.32% in 2024
- Strong economic performance has boosted Lula’s approval rating
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Brazil analysts raised their 2023 growth forecasts after gross domestic product expanded by three times more than expected during the second quarter.
The economy will expand 2.56% this year, up from the prior estimate of 2.31%, according to a weekly survey from the Brazilian central bank published on Monday. In 2024, GDP will gain 1.32%, a slight decline from last week.