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BCB Focus Survey Revises Inflation Forecasts Higher

BRAZIL
  • Economists now forecast 5.88% 2022 inflation from a prior reading of 5.82% while also adjusting year-end 2023 inflation to 5.01% from 4.94%.
  • Economists forecast 2.80% 2022 GDP and keep their 2023 growth forecast at 0.7%
  • Economists now see real at 5.25/USD by end-2022; prior 5.20 (BBG)

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