Focus Report Brazil: Market projects lower economic growth and higher inflation in 2021

As for the basic interest rate (SELIC), the median point of expectations rose from 4.00% per annum to 4.50% by the end of 2021 and remained at 5.50% per annum by the end of 2022.

RIO DE JANEIRO, BRAZIL - According to the Focus Report, median projections for Brazil's GDP dropped again, while the average point for the National Wide Consumer Price Index (IPCA) indicates a high of 4.60% at the end of this year.

The median of the market's projections for the Brazilian economy dropped again in the Central Bank's (BC) Focus Report, released this Monday, March 15th,  with estimates compiled up to the end of last week.

For 2021, the median point of expectations for Gross Domestic Product (GDP) variation was reduced from 3.26% to 3.23%, and for . . .

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