Analysis by Region - Latin America - Brazil

Analysis by Region - Latin America - Brazil

Brazil's economy recovered at a faster pace than we had expected in Q4 2021, putting it in a strong position to benefit from the added boost to terms of trade coming from the surge in commodity prices since the war in Ukraine started. As a result, we have raised our 2022 forecasts for GDP growth by 0.9ppts to 0.9%, and for the trade surplus by 2.2ppts of GDP to 3%.


Brazil: Strong end to 2021 and record terms of trade lift forecasts
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Politics

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