Brazil is expected to experience modest growth in the coming years, failing to meet the country’s needs to reverse the degree of inequality; Economists point out that the country has a broad program to improve education and investment
In recent years, the Brazilian economy has surprised analysts and performed better than expected. But what is expected from now on is a far from encouraging scenario. OR Gross domestic product (GDP) will grow at a rate lower than the country’s needs.
Between 2024 and 2033, for example, Brazil’s average growth is expected to be 2.4%, according to the accounts of the consultancy Tendências. In the short term, looking at the median of market projections in the Focus report, prepared by Central bank, the scenario is similar. This year the GDP forecast is for an increase of 1.6%. From 2025 to 2027 the expected annual increase is 2%.
“Growth is still low compared to what the country needs, especially if you consider social needs and the reduction of income inequality,” says Alessandra Ribeiro, economist and partner at consultancy Tendências. “Brazil would need growth above 3% to be able to address this problem more quickly.”
