Credit Suisse raises Brazilian GDP projection to 3.6% in 2021; UBS expects normalization starting in October with vaccines

"We expect the economy to gain momentum as the pandemic recedes and social distancing measures are reduced in May"

RIO DE JANEIRO, BRAZIL - Economists point to greater optimism with the dynamics of the economy after vaccination and fewer impacts from the 2nd wave, but risks remain on the radar.

Credit Suisse raised its projection for the Brazilian Gross Domestic Product (GDP) from 3.2% to 3.6% in 2021, stressing that the rebound in supply, as well as a very robust external demand, should be the main growth drivers for the year. The expectation for 2022 was also revised from 2.4% to 2.5% due to the carry over (statistical legacy of the previous year).

It should be . . .

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