{"id":290060,"date":"2021-03-17T12:40:29","date_gmt":"2021-03-17T15:40:29","guid":{"rendered":"https:\/\/anba.com.br\/?p=290060"},"modified":"2021-03-19T16:38:01","modified_gmt":"2021-03-19T19:38:01","slug":"brazils-government-keeps-3-2-growth-forecast-unchanged","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/brazils-government-keeps-3-2-growth-forecast-unchanged\/","title":{"rendered":"Brazil\u2019s government keeps 3.2% growth forecast unchanged"},"content":{"rendered":"<p>Bras\u00edlia \u2013 The Secretariat for Economic Policy (SPE) at Brazil\u2019s Ministry of Economy kept its 2021 growth forecast unchanged. It also changed up its inflation estimate due to high food prices. The forecasts were released in the Macro Fiscal Bulletin this Wednesday (17). Gross Domestic Product (GDP) is seen growing 2.5% per year from 2022 to 2025.<\/p>\n<p>Brazil\u2019s GDP is expected to climb 3.2% in 2021, the same as in the November 2020 Bulletin. \u201cUncertainty is heightened by the challenges in addressing the pandemic, but on the other hand, indicators from the first two months of the year point to a sustained recovery of economic activity,\u201d the SPE argued. It said, however, that March results are still uncertain, since new pandemic-related developments are taking place such as stricter social distancing.<\/p>\n<p><strong>Inflation <\/strong><\/p>\n<p>The Extended National Consumer Price Index (IPCA), which gauges inflation in Brazil, is expected to end the year at 4.4%. \u201cThe primary culprit in the revised projection was food prices. As per the minutes of the Central Bank\u2019s Monetary Policy Committee (Copom) meeting, the SPE said the recent hike in international commodity prices and its effects on food and fuel prices implies heightened inflation forecasts in the months ahead. However, according to the Copom, these shocks are only temporary.<\/p>\n<p><strong>Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-197219\">Press Release<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Economy said this Wednesday (17) that it is sticking by its 2021 GDP growth forecast. Whole-year inflation expectation was revised up on the back of food prices.<\/p>\n","protected":false},"author":2315,"featured_media":197219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[114],"tags":[9534,27134,10545,9756,9757,10550,31928],"class_list":{"0":"post-290060","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-brazil-en","9":"tag-economia-en","10":"tag-economy-en","11":"tag-gdp-en","12":"tag-inflation-en","13":"tag-pib-en","14":"tag-pib-brasil-en-2"},"wps_subtitle":"The Ministry of Economy said this Wednesday (17) that it is sticking by its 2021 GDP growth forecast. Whole-year inflation expectation was revised up on the back of food prices. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/290060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=290060"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/290060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/197219"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=290060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=290060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=290060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}