Brazil Government Sees 2024 GDP Growth Of 2.3%, Inflation At 3.30%
Portfolio Pulse from Bill Haddad
The Brazilian government has projected a GDP growth of 2.3% and an inflation rate of 3.30% for the year 2024.
August 31, 2023 | 8:19 pm
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NEUTRAL IMPACT
The iShares MSCI Brazil ETF (EWZ) could be impacted by the Brazilian government's economic projections for 2024.
The iShares MSCI Brazil ETF (EWZ) tracks the investment results of an index composed of Brazilian equities. Therefore, any significant changes in Brazil's economic outlook, such as GDP growth and inflation rates, could potentially impact the performance of this ETF. However, as these are projections for 2024, the immediate impact may not be significant.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75