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Macro - Country Economic Forecasts - Brazil

Publisher Oxford Economics
Published Sep 15, 2025
Length 9 Pages
SKU # OFE20418403

Description

We've raised our GDP growth forecasts for Brazil by 0.3ppts to 2.4% in 2025 and 1.8% in 2026, on the back of resilient services and agriculture momentum, and a protracted period of labour market dynamism. Our overall narrative for the economy stands unchanged, though – we still expect the economy to correct at some point in the second half of this year, leading to a much weaker growth carry-over into 2026.

Table of Contents

9 Pages
Brazil: Economy to continue cooling, albeit more gradually
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Debt sustainability analysis
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Global scenario analysis
Long-term prospects
Alternative long-run scenarios
Background
Economic developments
Structure of the economy
Balance of payments and structure of trade
Politics

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