Brazil to have 3rd worst real GDP expansion rate in 2022, UN estimates

The UN released the report on the global economic situation and outlook on Thursday (13). Photo: Marcello Casal Jr / AgĂȘncia Brasil

The United Nations (UN) released this Thursday (13) estimates for the global economy in 2022. The analysis shows that Brazil will have an inflation of 6.9% and the third worst growth performance among the countries. According to the World Economic Situation and Prospects Report, gross domestic product (GDP) is expected to register real growth in 2022 of 0.5% compared to the previous year, when the index was 4, 7%.

Among the more than 170 economies analyzed, Brazil will be only better in terms of GDP growth than Equatorial Guinea (-0.6%) and Myanmar (-0.8%). The global average rate forecast for 2022 is 4%. The report warns of the impact of the Omicron variant, inflationary pressure and labor market challenges on the global economic recovery.

The UN emphasizes that Brazil’s result is linked to the loss of strength of raw materials and, in terms of inflation, to fuel prices. “Rising oil prices have increased inflationary pressures in oil-importing countries like Brazil, India and Singapore, which could trigger further tightening of monetary policy and delay the recovery,” the report says. ‘institution.

The survey also predicts that in 2023, the country’s GDP growth rate will be 1.9%, compared to an increase in the global economy of 3.5%. The global average estimate of expansion is 3.8% for 2023. The information was released by the UOL portal.

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