XP cuts Brazil 2027 GDP forecast to 0.3%, sees BRL at 5.50/USD, Selic at 13.75%

XP Investimentos lowered its 2027 Brazil GDP growth projection to 0.3%, citing tight financial conditions, high household and public indebtedness, and elevated interest rates. The firm also forecasts the dollar at R$ 5.50 and Selic at 13.75%, reflecting a deteriorating macro outlook. This signals a more bearish view on Brazilian growth and currency, with implications for local assets.

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