Brazil to return to 8th position in world's largest economies ranking in 2027
International Monetary Fund projects GDP of US$ 2.8 trillion and sustained advance in the global top 10 until 2031
TL;DR
- Brazil is projected to become the 8th largest economy in the world by 2027, according to the IMF.
- Brazil's GDP is expected to reach $2.8 trillion in 2027, surpassing Italy and Russia.
- The country is forecast to hold an 8th place ranking until at least 2031.
- The IMF projects Brazil's GDP to exceed $3 trillion by 2029.
- The IMF also noted Russia's declining position, being overtaken by Canada, South Korea, and Mexico by 2031.
- Fiscal responsibility is a key concern for major economies, according to the IMF.