BRAZIL: Economists Keep Estimates For 2017 GDP Growth Unchanged At 0.34% – Markets Insider

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(RTTNews) – Economists surveyed by the Brazilian central bank kept unchanged their forecasts for economic growth in 2017 at 0.34% for the second consecutive week, down from 0.39% four weeks ago. For 2018, the median forecast for GDP growth remained at 2.00% for the third week.

Projections for Brazil’s debt-to-GDP ratio in 2017 were kept at 51.70%, after three consecutive revisions, while for 2018 forecasts fell to 55.10%, from 55.15% last week.

Projections for Brazilian industrial output growth in 2017 dropped to 0.83%, from 0.97% last week, interrupting three weekly upward revisions. For 2018, economists estimates fell to 2.26%, after three weeks at 2.30%.

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