IMF improves Brazil’s growth forecast to 5.3% in 2021

The International Monetary Fund (IMF) improved Brazil’s growth prospects this year, citing the improvement in the country’s terms of trade, but at the same time reduced the increase estimated for 2022.

The IMF’s Global Economic Perspective report, released on July 27, showed that the fund estimates a 5.3% growth of the Brazilian Gross Domestic Product in 2021, 1.6 percentage points more than expected in April.

However, for 2022 the growth projection was reduced by 0.7 points, to 1.9%.

The improvement in the country’s scenario for this year helped raise the economic growth outlook for Latin America and the Caribbean to 5.8% in 2021, 1.2 points more than in April. The forecast for the region next year, in turn, improved by just one-tenth of a point and stood at 3.2%.

Source: Agência Brasil

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https://agenciabrasil.ebc.com.br/economia/noticia/2021-07/fmi-melhora-previsao-de-crescimento-do-brasil-para-53-em-2021 IMF improves Brazil’s growth forecast to 5 .3% in 2021

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