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Analysis by Region - Emerging Markets - Global EM

Publisher Oxford Economics
Published Jan 22, 2025
Length 10 Pages
SKU # OFE19593707

Description

November activity data indicated economic activity in Brazil slowed significantly at the end of 2024, reinforcing our below-consensus GDP growth forecast of 1.8% for 2025. Monthly contractions in hard data indicators such as real retail sales, services revenue volumes, and industrial production suggest momentum will continue to weaken this year. Tighter monetary and fiscal policy stances are also likely to negatively affect growth this year.

Table of Contents

10 Pages
Brazil: A policy-engineered slowdown is expected in 2025
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
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Politics
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