According to the Banco Central do Brazil’s latest economic forecasts, inflation is expected to be 5.83% in 2013 (market consensus) – average expectations were at 5.75%  a month ago.  A similar level of inflation is expected in 2014.

GDP growth (PIB) is expected to be 2.32% in 2013, up from 2.24% a month ago.

Expectations for economic growth in 2014 are on the decline – the average is currently 2.30% compared to 2.60% a month ago.