ECONOMY
IMF improves growth projections for Brazil
Brazil’s status as a net energy exporter means it has something to gain from higher oil prices. Photo: SkyNext/Shutterstock
In its latest World Economic Outlook, released Tuesday, the International Monetary Fund (IMF) upgraded Brazil’s growth projection to 1.9% for 2026 — 0.3 percentage points above forecasts made in January. Meanwhile, the IMF cut its global growth estimate from 3.3% to 3.1%, citing “a major test from the outbreak of war in the Middle East.”
“With each passing day and each new disruption to energy supply, we are moving closer to the adverse scenario,” IMF chief economist Pierre-Olivier Gourinchas warned during a press conference. Said scenario — oil at USD 100 per barrel, pushing global growth down to 2.5% — is…
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