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7.3
Brazil Central Bank projects El Niño impact on key crop productivity
InfoMoney·BR·3 days ago
Brazil's Ministry of Finance revised its 2026 GDP growth forecast down to 1.8% from 2.0%, and 2027 to 1.4% from 2.3%. The downward revision signals weaker growth expectations, likely reflecting tighter monetary policy or external headwinds, and may pressure the BRL and increase expectations for rate cuts.