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LatinNews Daily - 23 November 2021

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In brief: Forecast for Brazil’s 2021 inflation in double digits

*Brazil’s central bank (BCB) has released the latest issue of its Focus bulletin, a weekly survey of private sector economists and analysts, in which the country’s inflation is now forecast to close the year at 10.12%. Inflation forecasts for 2021 have been revised upwards for 33 consecutive weeks, and this is the first time that they have passed double digits; inflation was predicted to close 2021 at 9.77% in the previous Focus issue. Meanwhile, GDP growth forecasts are being revised downwards, with the analysts surveyed by the BCB now expecting 4.80% growth this year, down from a forecast of 4.88% a week earlier.