Update was released in the Macrophiscal Bulletin and reflects new projections for agricultural production, as well as expected growth of 1.6% in the first quarter of the year
The Secretariat of Economic Policy of the Ministry of Finance (SPE) has revised its predictions for the growth of the Brazilian, raising the estimate from 2.3% to 2.4% in 2025. This update was released in the macrophiscal bulletin and reflects new projections for agricultural production, as well as expected growth of 1.6% in the first quarter of the year. Although the growth forecast has been adjusted upwards, SPE warns of a possible economic slowdown in the second half. For the year 2026, the expectation of growth remains at 2.5%, while the inflation projection, which was once 3.5%, has now been raised to 3.6%.
Reviews also affected estimates for the different sectors of the economy. Agriculture had its forecast increased from 6%to 6.3%, while the industry remained by 2.2%. The service sector saw its projection rise from 1.9% to 2%. The National Consumer Price Index (INPC) should end the year with a variation of 4.9%. In addition, the forecast for the General Price Index-Internal Availability (IGP-DI) was adjusted downward from 5.8% to 5.6%. The data presented in the Macrophiscal Bulletin are fundamental for the preparation of the Revenue and Expenses Assessment Report, which will be published soon, offering a more detailed view of the country’s economic situation.
Posted by Sarah Paula
*Report produced with the aid of AI
