Market reduces forecast for inflation and raises GDP in 2022, says Bulletin Focus

The financial market forecast for 2022 inflation dropped for the fourth time in a row, from 7.54% to 7.30%. The numbers are from the Focus Bulletin of the Central Bank (BC), published this Monday (25). The document gathers the estimates of more than 100 financial market institutions for the main economic indicators.

For 2023, the expectation for inflation is an advance from 5.2% to 5.3%. It is the 16th consecutive weekly increase in the median of forecasts for the IPCA (Broad Consumer Price Index).

Analysts have improved the growth expectation of the Brazilian economy to 1.93%, compared to 1.75% last week and 1.5% a month ago. The number is close to the 2% increase expected by the federal government’s economic team for this year’s Gross Domestic Product (GDP). For next year, the estimate dropped slightly to 0.49%, close to the 0.5% projected in the last 4 weeks.

Source: CNN Brasil

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