LatinNews Daily - 24 June 2022

In brief: Brazil’s central bank revises up growth forecast

* Brazil’s central bank (BCB) has released updated growth forecasts, in which it now expects the country’s GDP to grow 1.7% this year, up from previous projections of 1%. The revision is based on better-than-expected Q1 figures: the Brazilian economy grew 1% quarter-on-quarter in January-March. The BCB’s forecast for 2022 now exceeds that of the government, which forecasts 1.5% growth this year. The BCB’s revised figures were announced in a press conference, ahead of the release of the bank’s quarterly inflation report, which has been delayed to the end of the month due to strikes amongst BCB workers.

End of preview - This article contains approximately 99 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.