BRASILIA (Reuters) -Brazil’s finance ministry raised its forecast for economic growth this year, while projecting a slight slowdown in 2026 in face of the central bank’s tight monetary policy, a report showed on Friday.
The ministry’s economic policy secretariat now expects Brazil’s gross domestic product to grow 2.5% in 2025, up from the 2.4% estimated in May. For 2026, the forecast was revised down to 2.4% from 2.5%.
The fresh estimates do not take into account the 50% tariff on Brazilian goods announced by U.S. President Donald Trump earlier this week, the government said, while noting its effects would be limited.
“The impact of the tariffs tends to be of little significance on 2025 growth, although some manufacturing sectors may be particularly hit,” the finance ministry added.
(Reporting by Bernardo Caram; Editing by Sharon SingletonWriting by Gabriel AraujoEditing by Tomasz Janowski and Sharon Singleton)
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