For 2022, the IPCA inflation estimate is 5.03%. For 2021, the forecast for inflation dropped from 10.02% to 10.01%. For 2023 and 2024, the forecasts are 3.41% and 3%.
The growth in business confidence reflects the continuation of the economic resumption phase, driven chiefly by industry, which since October 2020 has seen the highest average levels of confidence since 2011.
Brazil’s government slightly increased its forecast for the growth in the country’s gross domestic product (GDP). The estimate was revised from 0.81 to 0.85 percent this year.
Brazil’s Central Bank kept its forecast for the growth of the country’s economy in 2019. The estimated gross domestic product stood at 2.4 percent, according to official figures.