Central Bank Cuts GDP Projection, Sees 1.8% Growth in 2026
A graduate of Cásper Líbero, with a postgraduate degree in political marketing and electoral propaganda from USP. He worked for ESPN's website, covering the Beijing Olympics in China in 2008. He also had stints at Metrópoles, InfoMoney, O Antagonista, iG, and Terra, covering politics and economy. As a press officer, he worked in the Chamber of Deputies and the Ministry of Culture. He is the author of the books 'Dias: a Vida do Maior Jogador do São Paulo nos Anos 1960' and '20 Jogos Eternos do São Paulo'.
TL;DR
- Brazil's Central Bank (BC) reduced its GDP growth forecasts for 2026 and 2027.
- The 2026 GDP growth projection is now 1.8% (down 0.2 percentage points).
- The 2027 GDP growth projection is now 1.4% (down 0.4 percentage points).
- Agriculture was a key driver of growth, while industry's forecast was reduced.
- The industrial sector's growth estimate was cut from 2.3% to 1.5%.
- Official inflation (IPCA) is expected to finish 2026 at 5.2%, above the target.
- Inflation is projected to remain above the target's central point until the first quarter of 2029.