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