Reported 2 days ago
Brazil's central bank has raised its economic growth forecasts for 2024 and 2025, anticipating a 3.5% GDP increase this year, supported by higher interest rates aimed at controlling inflation. Despite a resilient economy, skepticism persists regarding President Lula's fiscal strategies, and the Brazilian real has weakened significantly, leading to central bank interventions in the currency market. Analysts project continued inflation challenges, with prices likely remaining above the bank's 3% target.
Source: YAHOO