# JPMorgan Says Brazil's Real Pension Boost Limited by Weak Growth | Brazil Breaking News

> JPMorgan's chief Brazil economist Cassiana Fernandez forecasts the real at 3.90 per US dollar by year-end, weaker than the 3.75 median forecast. She said political uncertainty has already begun to affect market expectations.

- Date: 2019-04-25 · published 2019-04-25T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/59779-jpmorgan-says-brazil-s-real-pension-boost-limited-by-weak-growth-brazil
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real forecast implies a higher BRL cost for Brazilian importers of dollar-priced feed ingredients. It also signals that the pension boost to the economy will be limited by weak growth.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2019-02-19 | [Latam FX weak, Brazil's real drops ahead of pension reform plans - Pension Policy International](https://feedsoft.ai/events/60781-latam-fx-weak-brazil-s-real-drops-ahead-of-pension-reform-plans-pension-policy.md) | +1.4% | +1.5% |
| USDBRL | 2021-01-29 | [Brazil's real lags Latam FX on a barrage of weak data \| Financial Post](https://feedsoft.ai/events/49383-brazil-s-real-lags-latam-fx-on-a-barrage-of-weak-data-financial-post.md) | +0.5% | +3.2% |
| USDBRL | 2019-03-28 | [No, Brazil's Currency Is Not Going To R$5 If Pension Reform Fails](https://feedsoft.ai/events/60306-no-brazil-s-currency-is-not-going-to-r-5-if-pension-reform-fails.md) | -2.9% | +0.4% |
| USDBRL | 2016-11-14 | [Brazil real weakens for fourth day as Trump concern boosts U.S. yields](https://feedsoft.ai/events/9711-brazil-real-weakens-for-fourth-day-as-trump-concern-boosts-u-s-yields.md) | +0.7% | -0.4% |
| USDBRL | 2023-01-09 | [Brazil’s Real Weakens Following Attacks on Government Buildings](https://feedsoft.ai/events/37982-brazil-s-real-weakens-following-attacks-on-government-buildings.md) | -3.0% | -1.0% |

## Sources

- brazil.bnews.today: https://brazil.bnews.today/sections/economy/jpmorgan-says-brazil039s-real-pension-boost-limited-by-weak-growth.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.