Report cover image

Analysis by Region - Emerging Markets - Brazil

Publisher Oxford Economics
Published Oct 23, 2025
Length 9 Pages
SKU # OFE20535930

Description

Since last month, we've nudged our 2025 GDP growth forecast down marginally by 0.1ppt to 2.3%, to reflect a more frontloaded correction in domestic demand in July, with a lacklustre rebound in August. Our Q3 growth estimate stands at -0.4% q/q, but the monthly carry-over implies risks are tilted to the downside. Our 2026 growth projection is unchanged at 1.8%, buoyed by a boost to labour disposable income and thus household consumption from Lula's new income tax exemptions bill, approved by the lower house a few weeks ago.

Table of Contents

9 Pages
Brazil: Income tax reform to support consumption next year
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Debt sustainability analysis
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Global scenario analysis
Long-term prospects
Alternative long-run scenarios
Background
Economic developments
Structure of the economy
Balance of payments and structure of trade
Politics

Search Inside Report

How Do Licenses Work?
Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.