Analysts raised the forecast for the IPCA for the 5th straight week; GDP should grow 2.81%, according to forecasts
The financial market increased the projection for inflation in Brazil from 5.88% to 5.91% in 2022. Analysts increased the forecast percentage for the 5th week in a row. The estimates were published in this Monday’s Focus Bulletin (28.Nov.2022). Here’s the full of the report (772 KB).
The report of BC (Central Bank) is published on Mondays and summarizes since 2000 the statistical projections of analysts consulted by the BC (Central Bank). It is possible to know the institutions that are most successful here🇧🇷
The estimate for the IPCA (National Consumer Price Index) – which measures the country’s official inflation – for 2023 also rose. The expected rate increased from 5.01% to 5.02%.
The projections are above the inflation targets set by the CMN (National Monetary Council) for 2022 (of 3.5%) and for 2023 (of 3.25%).
Economists are also betting on a higher commercial dollar rate in 2022 and 2023. For this year, the projection was raised from R$5.25 to R$5.27. For 2023, it went from R$5.24 to R$5.25.
The market maintained estimates for the basic rate, the Selic, at 13.75% per year in 2022 and 11.50% per year in 2023.
Projections for GDP (Gross Domestic Product) indicate that Brazil will grow 2.81% in 2022 and 0.70% in 2023.
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