Brazil’s economy showed unexpected growth in the third quarter, lending support to President Lula da Silva’s economic policies. This growth of 0.1% contrasts with the predicted 0.3% decline. YoY growth reached 2%, marking a shift from the robust first half of 2023, driven by agriculture and a strong labor market. With a current Selic rate of 12.25%, the central bank anticipates reducing rates in upcoming meetings due to expectations of slower growth and a decline in annual inflation.