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Brazil inflation forecast worsens to 5.22%, GDP estimate weak at 1.85%
Valor Econômico·BR·1 day ago
Brazilian President Lula acknowledges food remains expensive, attributing it to global conflicts that raise fertilizer and oil costs, while contrasting a 56% food price increase under the previous government with 13% under his administration. The claim is partially supported by data, but the causal link to wars is an inference. This matters as it frames domestic economic policy and political messaging ahead of elections.