Until April, the CNI (National Confederation of Industry) is expected to revise its GDP growth forecast downwards because of the repercussions of the war in Ukraine on inflation and interest rates in Brazil in 2022.
The industry’s focus of concern is on rising prices for oil, energy and industrial inputs.
Mário Sérgio Telles, executive economics manager at CNI, says that the sector is attentive to the unfolding of the war.
“By the end of March and beginning of April, we will be able to feel the effects on prices and measure inflation.”
For now, the 0.5% increase in GDP in the fourth quarter of last year compared to the previous period, released by the IBGE this Friday (4), does not change the CNI forecast for 2022, currently at 1.2%.
Analysts calculate that the breath of reaction of the GDP tends to be short. After the rally in 2021, the indicator is expected to decelerate.
Joana Cunha with Andressa Motter and Ana Paula Branco
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