Brazilian Growth Forecast Pushed Up To 3.0% After Q223 Print Surprises To The Upside
Country Risk / Brazil / Fri 01 Sep, 2023
Key View
- After Q223’s real GDP print came in at 3.4% y-o-y (0.9% q-o-q), notably above our and consensus expectations, we have raised our 2023 growth forecast from 2.3% to 3.0%.
- We continue to expect that the Brazilian economy will lose steam in the coming quarters, with growth slowing to 1.4% in 2024, due to the lagged impact of high