Brazil Central Bank Adjusts Downward 2024 Economic Growth Forecast
Brazil’s central bank trimmed its 2024 economic growth forecast as strong household consumption dwindles in the face of restrictive monetary policy.
The bank expects gross domestic product to expand 1.7% next year, down from September’s estimate of 1.8%. It sees activity growing 3% in 2023, above the 2.9% prior forecast, according to the quarterly inflation report published Thursday.
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