Indicators
Brazil Sees Economy Growing Faster Without Additional Inflation
- Finance Ministry raises 2023 growth estimate to 3.2% from 2.5%
- Resilient economy has boosted Lula’s popularity this year
The Finance Ministry raised its growth estimate for 2023 to 3.2% from 2.5% while keeping its estimate for inflation at 4.85%.
Photographer: Andre Coelho/BloombergThis article is for subscribers only.
Brazil revised up its 2023 growth forecast following a better-than-expected economic performance in the first half of the year, while keeping inflation estimates unchanged.
Latin America’s largest economy will expand 3.2% in 2023 and 2.3% in 2024, according to a report published by the finance ministry on Monday. In July, the government forecast gross domestic product to grow 2.5% this year. This is the third upward revision to the official estimate, which is now above the 2.89% growth expected by analysts surveyed by the central bank.