LatinNews Daily - 03 November 2021

In brief: Brazil's private sector expects inflation to continue rising

* Brazil’s central bank (BCB) has published the latest issue of its Focus bulletin, a weekly survey of private sector analysts, which have revised up their inflation predictions and slightly lowered their GDP growth forecasts for 2021. The analysts now expect inflation to close the year at 8.96%, up from 8.69% a week earlier. Meanwhile, GDP growth for 2021 was predicted to stand at 4.97%, down from 5.01% a week earlier. Inflation was forecast to drop to 4.40% by the end of 2022 (up from 4.18% a week earlier), whilst the GDP growth forecast for next year was lowered from 1.50% to 1.40%.

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