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Today: March 30, 2025
Today: March 30, 2025

Brazil cuts economic growth forecast for this year to 2.3%, sees inflation at 4.8%

Cityscape of downtown Sao Paulo, Brazil
February 13, 2025
Reuters - Reuters

BRASILIA (Reuters) - Brazil's government on Thursday lowered its economic growth forecast for this year to 2.3%, down from a previous estimate of 2.5% in November, as the economy slows from last year's expansion, which it estimated at 3.5%.

The Economic Policy Secretariat of the Finance Ministry also sharply raised its inflation projection, now expecting consumer prices to rise 4.8% this year, up from the previous forecast of 3.6%.

(Reporting by Marcela Ayres)

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