Credit Suisse raises the forecast for Brazilian GDP in 2022 from a decline of 0.5% to an increase of 0.2%


RIO DE JANEIRO, BRAZIL – Credit Suisse raised its forecasts for Brazilian GDP in 2022 from a decline of 0.5% to a slight increase of 0.2% this year, while maintaining its expectations for inflation and interest rates.

According to economists Solange Srour, Lucas Vilela and Rafael Castilho, signatories to the report, the government has taken several measures to stimulate short-term economic growth, such as a 25% cut in the industrial products tax (IPI) and the release of FGTS withdrawals amounting to 0.4% of GDP.

For 2023, the GDP growth projection of 2.1% (due to the expected . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Previous articleEcuador: Interest rates reduced due to weak demand in 2021

Richard Mann is a German native and has worked as a freelance journalist for many years. He travels all over Brazil and is mainly interested in business, art, and culture and also likes to write articles about spiritual topics and unusual events.



Source link

Leave a Comment