Brasília – The Brazilian Central Bank (BC) has projected a 1.7% improvement in Brazil’s Gross Domestic Product (GDP) for 2022. The previous forecast, released in March, was at 1% growth. The new assessment was presented this Thursday (23) by the director of Economic Policy of the BC, Diogo Abry Guillen, at a press conference attended by the president of the BC, Roberto Campos Neto.
The announcement was a preview of the quarterly inflation report, postponed to June 30 due to the strike of the agency’s employees. Guillen mentioned increasing household consumption and investments to increase the country’s production capacity as central components of domestic demand.
The BC also increased its projections for inflation for the forthcoming three years. For 2022, the National Consumer Price Index (IPCA) projection has risen from 6.3%, in March, to 8.8%, in the latest estimate. For 2023, the BC calculates an inflation rate of 4%, up from 3.1% in the March release. For 2024, projections went from 2.3% to 2.7%.
Translated by Elúsio Brasileiro
