Brazil’s Ministry of Finance has raised its GDP growth forecast for 2025, but expects the economic upturn to slow down as a result of the country’s central bank’s tight monetary policy.
The GDP growth forecast for the current year has been raised to 2.5% from the 2.4% expected in May, and for 2026 it has been lowered to 2.4% from 2.5%.
The forecasts do not take into account the consequences of Washington’s introduction of 50% tariffs on all imports from Brazil, the Ministry of Finance notes. Earlier, US President Donald Trump announced that these tariffs would take effect on August 1.
“The tariffs are unlikely to have a significant impact on GDP growth in 2025, although certain industries may suffer quite severely,” the Ministry of Finance said in a statement.
In the first quarter of this year, Brazil’s GDP increased by 1.4% compared to the previous three months, the highest in three quarters. GDP growth in annual terms was 2.9%.
Earlier, the Experts Club information and analytical center made a video analysis of the prospects for the Ukrainian and global economies. For more details, see the video at https://youtu.be/kQsH3lUvMKo?si=F4IOLdLuVbYmEh5P
