Secretariat revises GDP growth forecast from 3.5% to 5.3%

Movement of cargo in the port of Paranaguá | Photo: Jonathan Campos / Arquivo / Gazeta do Povo

The Secretary of Economic Policy has revised upward growth forecasts for this year from 3.5% to 5.3%. From next year, GDP is expected to grow at a rate of 2.5% per year. The secretariat stresses that the main driver of this recovery has been investment.

“In addition, in recent weeks, with the advance of mass vaccination, Brazil has observed a decrease in the moving average of deaths and cases of Covid-19 and less social distancing,” quotes a report published on Tuesday ( 14).

Other factors that have favored the Brazilian economy, according to the SPE, are, on the external side, the high international liquidity and the increase in the price of raw materials. On the domestic side, the highest savings rate and robust growth in privately financed credit stand out.

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