Brasilia, Feb. 6 (Xinhua) -- Brazil's gross domestic product (GDP) growth is expected to be around 2 percent in 2024, inflation can be controlled, and investment will grow, driven by lower interest rates and credit costs and infrastructure projects, Amitrano, director of the Macroeconomic Policy Research Office of the Brazilian Institute of Applied Economic Research, said in an interview with Xinhua News Agency a few days ago.
As the Brazilian economy grows faster than expected in 2023, Brazilian society has increased confidence in the prospects for economic development, and believes that in 2024, it is expected to break through obstacles along the positive track and achieve the best development goals.
At the same time, Brazil** and economists said that there are still factors affecting the further stable development of the economy: first, the country is facing a shortage of investment and technology at the same time; Second, the economy has not yet gotten rid of its dependence on the export of bulk commodities such as agricultural and animal husbandry products and mineral resources, and international market fluctuations and climate change may seriously affect economic performance.
In addition, the major adjustment of the monetary and financial policies of the world's major economies, especially the Federal Reserve's interest rate policy, may have an impact on Brazil's economic development and the stability of the monetary and financial system.