Campos Neto participated in an audience at the Chamber of Deputies to talk about GDP projections, inflation and unemployment

Roberto Campos Neto, presidente do Banco Central, em audiência na Comissão de Defesa do Consumidor da Câmara dos Deputados, citou algumas previsões de instituições financeiras sobre o crescimento do Produto Interno ***** (PIB – soma de todos os bens e serviços produzidos no país) de 1,5% a 2%.  Hoje, a previsão é de um aumento de 1%.  

Roberto Campos Neto presented the Central Bank's perspectives on GDP growth in 2022. He mentioned some indicators of important sectors of the economy, such as services. “We have seen upward revisions in the Brazilian GDP. Brazil is one of the few countries whose GDP has been revised upwards. We have already heard a lot of people talk about growth of 1,5% and 2%”, said Campos Neto in the Chamber of Deputies. 

Roberto explained that the pandemic has increased demand for goods. This demand remained even after the resumption of face-to-face activities in the country. He explained that a greater demand for energy, combined with low investments in the sector, helped to maintain global inflation. To curb inflation, central banks around the world began to increase interest rates. “The world is starting to raise interest rates, and Brazil was well ahead. It raised interest rates well, it was one of the first countries to publicly say that it understood that the inflation problem would be more persistent, ”he said. 

Campos Neto talks about the unemployment rate released by the IBGE 

The Brazilian Institute of Geography and Statistics (IBGE), released this Tuesday, the 31st, that the unemployment rate in the first quarter of this year was 10,5%. Regarding unemployment numbers, the president of the Central Bank pointed out that he expects the numbers to remain below two digits by the end of the year. 

“It was a very positive surprise. In terms of unemployment rate, when we look at the quarter, it was 10,5%. People are starting to say that unemployment this year will be below two digits. Remembering that before the pandemic, it was at 12%, so we are already at a much better level than before the pandemic ”, he said. 

Average income of Brazilian workers falls 

On the other hand, the IBGE recorded a drop in the average income of Brazilian workers. In the first quarter of 2021, the average Brazilian income was BRL 2.790,00. Today, the Brazilian has an average income close to R$ 2.569,00, that is, a reduction of 7,9%.