IMF projects Brazil will grow 2.3% this year, inflation to converge to target in 2027

BRASILIA (Reuters) -Brazil’s economy is expected to grow 2.3% this year, the International Monetary Fund (IMF) projected on Tuesday, revising up its April forecast of 2%.

Following the conclusion of its 2025 Article IV visit to the country, the IMF estimated that inflation will reach 5.2% this year, from 5.3% seen previously, gradually converging to the 3% target by the end of 2027.

(Reporting by Marcela Ayres)