Driven by agriculture growth, a positive trade balance, and strong private consumption, 2023 Brazil’s GDP growth was 2.9 percent, higher than expected at the beginning of the year but lower than in 2022 and 2021. Inflation fell to 4.5 percent, down from 9.3 percent in 2022 and reaching the central bank’s target. The labor market moved accordingly as average real wages grew by 4.1 percent with a pro-poor profile: workers earning below 1.5 times the...
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INFORMATION
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2024/10/01
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Fiche
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196061
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1
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2025/01/03
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Disclosed
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Brazil Poverty and Equity Brief : October 2024
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