After the pressure that the government of Jair Bolsonaro,
president of Brazil, received from abroad, the country is heading not only
towards economic recovery, but also towards growth.
According to the Central Bank of Brazil, it adjusted up its
macroeconomic projections for 2021 and estimates an expansion of 5%, when
before 4.85% was expected, and an appreciation of the real around 5.1 dollars.
Financial markets deepen optimism for Brazil and raise
growth expectations for this year. The Central Bank of Brazil revealed that the
new consensus of expectations estimates an annual expansion of 5% by 2021,
already the third time that it has adjusted positively so far this year.
Brazil had already recovered everything lost during the
pandemic by January 2021, and the 5% rebound implies a return to formal
economic growth.
Growth of 2.1% is projected for 2022, and Brazil would
become one of the countries in the world that would grow the most in the
“post-pandemic” period 2021-2022.
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