Bradesco and XP worsen GDP and inflation projections for 2027
Journalist graduated from the Federal University of Mato Grosso, with an extension in economic journalism from Fundação Getulio Vargas. Worked at the newspaper O Estado de S. Paulo. She is an Oeste reporter in São Paulo.
TL;DR
- Bradesco and XP have lowered their 2027 GDP growth projections for Brazil to 0.3% and 0.4%, respectively.
- Inflation forecasts were increased by both institutions, with XP projecting 5.5% and Bradesco 5.3%.
- Factors contributing to the revised outlook include restrictive financial conditions, credit deceleration, and high debt.
- Household consumption fell by 0.4% in the second quarter, and GDP contracted by 0.2% in the third quarter.
- For 2026, Bradesco projects IPCA at 5.5%, and XP at 5.2%, with GDP growth estimated at 1.5% by both.
- Bradesco expects the Selic rate to remain at 13.75% in the first half of 2027, with four 0.25 percentage point cuts in the second half.
- The bank forecasts the dollar to reach R$5.50 by the end of 2027.