According to the bank's weekly survey of analysts at the country's leading financial institutions, at the start of this year, Brazil's expected GDP growth for the year was a scant 0.8 percent.
Analysts maintained their inflation estimate at 4.95 percent for this year and at 3.92 percent for the next year.
Brazil's target inflation for 2023 is 3.25 percent, and for 2024, 3 percent.
Analysts also maintained their forecast for the benchmark interest rate at 12 percent for 2023 and at 9.5 percent for 2024. The rate is currently at 13.75 percent annually.
Regarding the currency exchange market, analysts expected the Brazilian real, which now trades at 4.83 to the U.S. dollar, to trade at 5 to the dollar by the end of 2023 and at 5.05 to the dollar by the end of 2024.
The trade balance (exports versus imports) is expected to see a surplus of 65 billion dollars this year and 60 billion dollars the following year.
Direct foreign investment in Brazil is expected to reach 80 billion dollars in both 2023 and 2024.
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