Is Brazil’s potential Gross Domestic Product (GDP), the capacity of the country’s economy to grow without causing inflationary pressures, already higher than estimated by most economists?
This question has been asked since IBGE released National Accounts data in September, which showed GDP growth of 1.2% in the second quarter of 2022, once again above market forecasts.
Since then, Economy Minister Paulo Guedes has been beating the drum that the models used by economists are outdated or that there is an anti-government political bias in the projections.
In early November, an informant. . .
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