4u Created
Image default
Business

Brazil’s govt to improve 2022 GDP forecast, says monetary policy won’t devastate economy By Reuters



© Reuters. FILE PHOTO: People look at appliances in a store in Rio de Janeiro August 18, 2011. REUTERS/Ricardo Moraes

BRASILIA (Reuters) – Brazil’s Economy Ministry will improve its forecast for 2022 gross domestic product from the 2% growth seen in July, which is already “dated,” said Rogerio Boueri, head of Economic Studies Advisory.

After the 1.2% expansion posted in the second quarter, carry-over already points to a 2.4% growth this year, said Boueri, stressing that the country will hardly see a quick and devastating effect of a tight monetary policy on the economy.



Source link

Related posts

Qantas international fares covering high oil prices, domestic capacity may need cuts

TD Securities Reiterates Hold Rating on North West Co. Ltd.

El Salvador president addresses bear market concerns with Bitcoin hopium By Cointelegraph