Six reasons why economic expectations for Brazil are worsening

Economists are sharply revising downward their expectations for the performance of the Brazilian economy in 2022.

RIO DE JANEIRO, BRAZIL - On Tuesday (14), Bank Itaú reduced its expectation for GDP (Gross Domestic Product) growth next year from 1.5% to 0.5%. The country's largest private bank also started to forecast an increase in unemployment next year, with the unemployment rate rising from 12.1% at the end of 2021 to 12.5% in December 2022.

Besides Itaú, several other financial institutions and financial analysis houses started to forecast a lower GDP, higher inflation, and higher interest rates soon.

Understand the six main factors that have made analysts reduce their expectations for the performance of . . .

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