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Brazil Focus survey shows first signs of falling long-term inflation expectations post-election
Valor Econômico·BR·2 days ago
J.P. Morgan lowered its 2026 Brazil GDP forecast from 2.0% to 1.7%, citing an earlier-than-expected slowdown, while raising IPCA inflation projections for 2026 and 2027. The bank notes fiscal stimulus has had less impact than anticipated, implying stagflationary pressures. This revision signals deteriorating growth-inflation mix for Brazil, likely pressuring BRL and local rates.
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