Economists surveyed by the Brazilian central bank kept unchanged their forecasts for economic growth in 2017 at 0.34% for the third week in a row, down from 0.39% four weeks ago. For 2018, the median forecast for GDP growth remained at 2.00% for the fourth week.
Projections for Brazil’s debt-to-GDP ratio in 2017 were revised down, to 51.50%, from 51.70% last week, while for 2018 forecasts were raised to 55.15%, from 55.10% last week.
Projections for the Brazilian industrial output growth in 2017 remained at 0.83% for the second week. For 2018, economists estimates fell to 2.22%, from 2.26% last week.
The material has been provided by InstaForex Company – www.instaforex.com
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