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Analysis by Region - Emerging Markets - Brazil

Publisher Oxford Economics
Published Jun 30, 2025
Length 9 Pages
SKU # OFE20204917

Description

We have upgraded our baseline growth forecast for Brazil this year by 0.3ppts to 2.5% on the back of resilient momentum in April data. Retail sales data indicate consumption momentum is weakening at the margin despite resilient employment and wage growth, leading us to think households are become increasingly prone to increase savings as interest rates hit record highs.

Table of Contents

9 Pages
Brazil: Employment boom will encourage higher household savings
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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