IMF: Brazil is growing more than the United States, Germany and France

New expectations for International Monetary Fund (IMF) It shows that Brazil will achieve greater economic growth than the United States, France and Germany in 2022. According to the agency, the Brazilian GDP 2022 should close with a 2.8% expansion. At the same time, the performance is estimated at 1.6% for Americans, 1.5% for Germans and 2.5% for the French.

The fund released the data on Tuesday 11. The estimated performance of Brazil is above the average for advanced economies (2.4%). Yesterday’s release brings the third consecutive revision with increased growth estimates for Brazilian GDP in 2022.

In January, the International Monetary Fund cut Brazil’s economic growth forecast for this year from 1.5% to 0.5%. In April, the foundation revised its forecast to 0.8%. In August, expectations were for Brazilian GDP to expand 1.7%.

In the same vein, the agency lowered estimates of average growth for advanced economies in 2022 – expected at 3.9% in January. In the next projection, published in April, the estimate fell to 3.3%. In July, a new revision lowered the forecast for this expansion to 2.5%.

For the United States, for example, the forecast for GDP growth in 2022 was 4% in January. In the April post, the number fell to 3.7% and reached 2.3% in July.

In January, the institution forecast German GDP growth of 3.8%, and the French economy growing at 3.5%. Similarly, forecasts changed in July to 1.2% and 2.3%, respectively.

The International Monetary Fund underestimates the Brazilian economy

Paulo Guedes, Minister of Economy, believes that the fund continues to underestimate the potential of the Brazilian economy. The minister said yesterday, before saying that the country will continue to grow as the government of President Jair Bolsonaro continues.

“When there is a strong structural change in the economy, which is our case, the old paradigms lose their grip,” the minister explained. “that they [o FMI] They were expecting low growth based on public investment that has been declining for 20 years. So, the country is growing more and more, and this was a fact, a fact. But we changed the economic model and it is now based on private investment. We have R$900 billion in private investment already contracted.”