He International Monetary Fund, IMF, revised upward Brazil’s growth forecasts in 2026. In a report published on Wednesday, the entity now estimates that Brazilian GDP will grow 2.4% this year, an increase of 0.5 percentage points compared to the forecasts published in April.
By 2027, the new estimate of IMF It is an expansion of 2.2% to the country’s GDP, 0.2 points more than in the April World Economic Outlook report. Global GDP is expected to grow 3% this year and 3.4% next year, according to the Fund.
In the document, the IMF says growth in Brazil will “remain resilient” this year, but will “reduce a bit” in 2027. Part of the review is justified because the Fund evaluates that oil exporters who are outside the conflict zone in the Middle East, if Brazilian, have been favored by the improvement in terms of trade.
At a press conference to detail the report, the deputy director of the IMF Research Department, Petya Koeva Brooks, evaluated as “significant” the adjustment in the forecast for the Brazilian economy.
“Naturally, Brazil’s status as an oil exporter, greater support for fiscal policy and solid private consumption explain the upward revision of the projections,” he said. Brooks, adding that strong cultivation also contributed to growth in the first quarter.
In the first three months of 2026, Brazilian GDP grew 1.1% compared to the immediately preceding three months, in the strongest quarterly result in a year.
The projection of IMF for this year it is more optimistic than that of the economists surveyed by the Central Bank in the Focus survey. Last Monday, the average projection pointed to an expansion of 1.99% of Brazilian GDP this year and 1.69% next year.
In May, the Ministry of Finance maintained the forecast that the Brazilian economy will grow by 2.3% in 2026, supported by the expansion of industry and services, despite an expected slowdown in agriculture.
The Minister of Finance, Dario Durigan He anticipated last week that the IMF would revise the forecast for the Brazilian economy this year.
In another report published last Wednesday, the IMF there was already declared that the Brazilian economy remained “remarkably resilient” in the face of multiple shocks. The Fund projected that after the slowdown in 2025, Brazil’s growth will recover this year and reach around 2.5% in the medium term.
For the Latin America and Caribbean region, Wednesday’s WEO predicts that growth will stabilize at 2.4% this year, rising moderately to 2.7% in 2027, with “heterogeneous dynamics across countries.”
