Brazil's financial market raises 2023 economic growth forecast to 0.85 pct
BRASILIA, March 6 (Xinhua) -- Brazil's financial market slightly upgraded its economic growth forecast for 2023, from 0.84 percent to 0.85 percent, the Central Bank of Brazil said Monday.
It was the third time in a row that top financial analysts surveyed by the bank for its weekly report upgraded their growth forecast for this year, though they maintained their 2024 forecast at 1.5 percent.
Last week, the Brazilian Institute of Geography and Statistics (IBGE) said the country's gross domestic product (GDP) grew 2.9 percent in 2022, after rising 5 percent in 2021.