Brazil IBGE delays new national accounts series to 2028, pushing back GDP rebasing

Brazil's statistics agency IBGE postponed the release of its new national accounts series (base year 2021) to 2028, a further delay from the previously announced late-2026/early-2027 target. The postponement, attributed to staffing cuts, extends uncertainty over Brazil's GDP level and growth revisions, which could affect fiscal and monetary policy calibration. The delay is a continuation of schedule slippage rather than a new deviation, but it pushes key economic data further out.