BRASILIA (Reuters) – Brazil’s Economy Ministry predicted on Wednesday a GDP growth range in 2023 between 1.4% to 2.9%, arguing that the structural growth of the economy is now higher than seen in the recent past.
The Ministry’s Economic Policy Secretariat stated in a report that the persistence of forecast errors for the Brazilian GDP in the last three years may indicate a change in the growth trend, drawing attention to the positive effects in the short term of a higher investment rate.
(Reporting by Marcela Ayres; Editing by Steven Grattan)
