States with the highest growth in 2023 have an economy linked to the countryside

The states that should register the greatest growth this year are those with an economy more linked to agriculture, such as Mato Grosso and Mato Grosso do Sul. On the other hand, places with less influence from the countryside should feel more the monetary tightening and the slowdown of the economy, says the chief economist of MB Associados, Sergio Vale.

Agriculture had strong growth of 21.6% in the first quarter compared to the last quarter of last year, according to the IBGE. This performance and the revision of estimates for the production of cattle and the main crops, such as soy and corn, led the Institute of Applied Economic Research (Ipea) to raise its forecast for growth in agricultural GDP this year from 11.6% to 13 ,two%.

Field numbers have been improving growth expectations for the Brazilian economy. On Thursday (29), for example, the Central Bank raised its forecast for expansion of the Brazilian GDP from 1.2% to 2% in 2023.