* Brazil’s central bank (BCB) has slightly lowered its GDP growth forecast for 2024 from 1.8% to 1.7%, predicting that growth will accelerate as the year goes on with an increase in investments but with a moderation in household consumption. The BCB also slightly raised its GDP forecast for this year, predicting that Brazil would close 2023 with growth of 3.0%, rather than 2.9%. The BCB’s estimate for accumulated inflation in 2023 also ticked up slightly from its previous estimate at the end of the third quarter, with the bank now forecasting year-end inflation of 4.68%, rather than 4.61%.
Back
LatinNews Daily - 22 December 2023
In brief: Brazil’s central bank forecasts lower growth in 2024
- ARGENTINA: Milei faces resistance over emergency decree
- ECUADOR: Congress approves militarisation of public security
- In brief: Venezuela and Trinidad & Tobago sign natural gas deal
- BRAZIL: Petrochemicals giant Braskem investigated
- In brief: Brazil’s central bank forecasts lower growth in 2024
- NICARAGUA: Another bishop arrested
- In brief: IMF makes available more funds for Costa Rica
- MEXICO: Politician murdered in Acapulco
- In brief: Annual inflation edges up in Mexico
- In brief: Unemployment drops in Argentina
- Publishing note