🇧🇷 Brazil — Weekly Briefs

Brazil Treasury warns on fiscal targets from 2028; growth forecasts revised

Brazil's Treasury highlighted on June 30 that fiscal targets will become unfeasible from 2028 without additional measures due to rising mandatory spending. The Finance Ministry revised its 2026 GDP growth forecast to 2.3% in early July data releases. The Ibovespa reached a one-month high near 174,000 on July 3 amid these developments and broader market sentiment.