Analysts consulted by the Central Bank slightly raised estimates for inflation this year and for GDP growth in 2023, in the first economic projections after the election of Luiz Inácio Lula da Silva (PT) to the Presidency.
The BC released this Monday (7th) its Focus report, closed on Friday (4th), after the decision in the second round. After defeating reelection candidate Jair Bolsonaro, Lula will return to the presidency for the third time.
The survey, which captures the market’s perception of economic indicators, pointed out that the expectation for the IPCA’s advance in 2022 rose 0.02 percentage point, to 5.63%, in the second straight week. For 2023 and 2024, there are prospects for price increases of 4.94% and 3.50%, respectively.
The center of the official inflation target for 2022 is 3.50%, for 2023 it is 3.25% and for 2024 it is 3.00%, always with a tolerance margin of 1.5 percentage points for more or less .
For GDP (Gross Domestic Product), this year’s growth estimate remains at 2.76%, but for the next it has improved to 0.70%, from 0.64% before.
The weekly survey of a hundred economists also showed that the basic interest rate (Selic) should end this year at the current 13.75, and 2023 at 11.25%, unchanged.
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