INSUBCONTINENT EXCLUSIVE:
this growth, and all sectors posted gains
exposure to new tariffs remains limited due to its relatively closed economy
trade surplus of USD 76 billion for 2025, with the current account deficit widening to 2.4% of GDP
Commodity prices have dropped sharply
2025 GDP Amid Global Strains
At the same time, food prices may rise if agricultural exports, especially soybeans, continue to climb.China remains the top buyer, taking
Brazil shipped 26.6 million tons in the first quarter of 2025, a 4% increase from last year
Fiscal challenges persist
cut costs, but election-year politics could complicate these decisions
The central bank has kept interest rates high, with the benchmark rate at 15.25%, to contain inflation and stabilize the currency, which has
hovered around 5.75 reais per dollar.Debt markets remain active, but equity activity lags due to high rates and fiscal uncertainty
faces mounting external and internal risks, with international economic tensions amplifying vulnerabilities and making the 2025 outlook more
uncertain than headline figures suggest.
