RIO DE JANEIRO, BRAZIL - Brazilian financial analysts upgraded their economic growth forecast for the year, from a 3.45 percent expansion in gross domestic product (GDP) to 3.49 percent, the Central Bank of Brazil said on Monday, January 25th.
According to the bank's weekly survey of leading financial institutions in the South American country, analysts maintained their growth forecast for 2022 at 2.5 percent.
Analysts raised their inflation estimate for 2021, from 3.43 to 3.5 percent, and maintained the estimate for 2022 at 3.5 percent.
The inflation forecasts fall within the government's target . . .