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Analysis by Region - Emerging Markets - Brazil

Publisher Oxford Economics
Published Mar 24, 2025
Length 9 Pages
SKU # OFE19929273

Description

Preliminary activity indicators for Q1 hint at a continued slowdown in Brazil's GDP growth from Q4. We haven't changed our below-consensus forecast of 1.2% for 2025, but risks now tilt to the downside. Manufacturing and services output growth remained frail in January, and sentiment data for February don't show much of an improvement. Monetary policy remains restrictive as the Central Bank of Brazil (BCB) tightens to tame high inflation.

Table of Contents

9 Pages
Brazil: Expect weak growth in the first half of the year
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
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

Pricing

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