After three consecutive weeks of decline, the financial market forecast for the performance of the Gross Domestic Product (GDP) in 2022 stopped declining.
In this Monday’s edition (17), the Focus Bulletin brings variation from 0.28% to 0.29% in the estimate of economic growth this year.
The weekly document gathers the estimates of more than 100 financial market institutions for the main economic indicators. The number is well below the 2% growth rate expected by the government.
The projection for the Extended Consumer Price Index (IPCA) this year increased from 5.03% to 5.09%.
The forecast is above the ceiling of the inflation target of 5% for 2022, a value already with a tolerance margin of 1.5 percentage points from the center of the target (3.5%) upwards.
For next year, the estimate rose from 3.36% to 3.40%, above the center of the target (3%) but within the upper limit (4.5%). The economic growth projected for 2023 increased from 3.36% to 3.40%.
The forecasts for the Selic rate at the end of 2022 remained at 11.75% against 11.50% a month ago.
Reference: CNN Brasil
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