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BRAZIL: Economists Keep Estimates For 2017 GDP Unchanged At 0.34%

Economists surveyed by the Brazilian central bank kept their forecasts for the 2017 economic growth at 0.34%, unchanged from a week before. For 2018, the median forecast for GDP growth remained at 2.00% for the second week.

Projections for Brazil’s debt-to-GDP ratio in 2017 rose to 51.70%, from 51.60% last week, while for 2018 forecasts rose to 55.15%, from 55.10% last week.

Estimates for the Brazilian industrial output growth in 2017 rose for the third week in a row, to 0.97%, from 0.84% last week. For 2018, economists estimates were unchanged at 2,30% for the third consecutive week.

The material has been provided by InstaForex Company – www.instaforex.com