BRASILIA (Reuters) – Brazil’s Finance Ministry maintained its economic growth projection for this year at 2.5% on Thursday but raised the inflation estimate to 3.9% from 3.7% calculated in May.
For 2025, the ministry’s economic policy secretariat lowered the gross domestic product (GDP) growth projection to 2.6% from 2.8% and increased the expected inflation rate to 3.3% from the previous 3.2%. The official inflation target for both years is 3%.