XP Inc.: Brazil's Growth Outlook Improves Despite Global Uncertainty

XP Releases Latest Edition of Its Brazil Macro Monthly Report The report also underscores the uncertain international environment — particularly the impact of rising U.S. tariffs and a weaker dollar. While these dynamics have so far supported emerging market currencies, including the Brazilian Real, XP warns that risk aversion could return if global recession fears materialize. "Monetary policy is doing the heavy lifting," added Megale. "But to achieve a sustained decrease in inflation and lower interest ra ...