Resolution Criteria: The market resolves to YES if the World Bank or the Central Bank of Brazil reports Brazil's GDP growth rate for the year 2023 as exceeding 3%. Otherwise, the market resolves to NO. Data can be verified from the World Bank's official website or the Central Bank of Brazil's official website.
Brazil reducing estimate to 3%
https://www.reuters.com/world/americas/brazils-government-trims-2023-gdp-growth-estimate-2023-11-21/
It seems likely that Brazil's GDP growth rate will exceed 3% in 2023. The IMF projected a 3.2% growth rate for the Brazilian economy this year. The expansion of the agricultural sector by 11.2% over four quarters, along with the 3.3% growth in the services sector and a 3.9% increase in household consumption, all contribute to a robust economic performance. Additionally, the fiscal stimuli from the Lula administration have further bolstered consumption. Similarly, the economy's resistance to the high SELIC rate at 13.25% per year, as noted by the Brazilian Institute of Economics and Statistics (IBGE), suggests that the country's economic growth is resilient despite challenging monetary conditions. Considering these factors, it is plausible that Brazil's GDP growth rate will exceed 3% in 2023, in line with the IMF's projection and the positive performance of key sectors in the economy. (Bloomberg Línea) (Reuters)