Brazil, fueled by a robust 3.1% GDP growth, is set to leapfrog two places and claim the title of the world’s ninth-largest economy in 2023, according to the International Monetary Fund (IMF) announcement on December 19th. The IMF further predicts continued progress, with the potential for Brazil to reach eighth place by 2026, boasting a projected GDP of $2.476 trillion. The IMF anticipates further deceleration in 2024, with global growth dipping to 2.9%. As for Brazil, the IMF expects a more moderate growth of 1.5% next year. This latest development highlights Brazil’s increasing presence on the global economic stage, showcasing its potential as a major player in the years to come.

Source: Daily News Egypt December 28, 2023 03:16 UTC