Audio By Carbonatix
Brazil’s Economy Ministry on Tuesday kept its economic growth forecasts for this year and next, predicting a record 4.7% contraction this year followed by a 3.2% expansion next year.
It also revised its inflation outlook, raising this year’s forecast to 1.83% from 1.6% and lowering next year’s to 2.94% from 3.24%.
Both would still be well below the central bank’s official goals, particularly this year’s projection.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
The 10.94 Cedi to 1 USD Paradox: Macroeconomic triumph, the import subsidy trap, and the threat to youth employment
32 minutes -
GoldBod’s real cost to Ghana far higher than reported losses – Bokpin
1 hour -
Governed differently: The political economy of state absence in Africa
2 hours -
Boakye Agyarko vows to rebuild NPP as over 50 constituency chairpersons back his chairmanship bid
2 hours -
APL poll puts Bawumia ahead of seven potential NDC contenders
3 hours -
Character, jobs and cost of living: APL poll shows what voters will use to decide 2028 election
3 hours -
GoldBod had ‘design defects’ that could have been avoided – Prof Bokpin
4 hours -
Musiala collapses during match for second time
4 hours -
Premier League chief says Fifa self-destructed over World Cup plan
5 hours -
Vieira named new Senegal head coach
5 hours -
Global borrowing costs hit fresh highs on oil, AI and inflation
5 hours -
American Airlines to bring back TV screens on US flights
5 hours -
Carney’s final chance to convince Trump as US-Canada trade deadline looms
5 hours -
BOSTenergies meets fuel tanker drivers over their concerns at the Kumasi depot
5 hours -
X1 Energy Drink-backed DOL Super Cup ends with Ebusua Dwarfs crowned champions
5 hours