Market raises GDP forecast for 2022 and reduces inflation expectation for 2023

The market continues to expect an improvement for the 2022 economic scenario, with a forecast of a 2.10% increase in GDP (Gross Domestic Product) for the year, compared to a 2.02% increase in the previous week.

The numbers released by the Central Bank this Monday (29) are from the Focus Bulletin, which weekly brings together the projection of more than 100 market institutions for the main economic indicators.

For 2023, on the other hand, the market has reduced the expected economic growth from 0.39% to 0.37%.

Inflation

Expectations for inflation for the year, measured by the IPCA, dropped from 6.82% to 6.70% from last week to this one. This is the ninth consecutive retreat for this indicator.

For 2023, the market started to see inflation of 5.30% per year, compared to 5.33% in the previous week. The decline is the second in a row after a 19-week high.

  • Market sees IPCA rise of 6.70% in 2022, compared to 6.82% in the previous week
  • Market sees IPCA rise of 5.30% in 2023, compared to 5.33% in the previous week
  • Market sees GDP growth of 2.10% in 2022, compared to 2.02% in the previous week
  • Market sees GDP rise of 0.37% in 2023, compared to 0.39% in the previous week
  • Market maintains forecast for Selic at 13.75% at the end of 2022
  • Market maintains forecast for Selic in 11% at the end of 2023

*In update

Source: CNN Brasil

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