Economists surveyed by the Brazilian central bank trimmed their forecasts for economic growth in 2018 to 2.66%, from 2.70% last week. For 2019, projections were raised to 3.00%, from 2.99% last week.
Projections for Brazil’s debt-to-GDP ratio in 2018 and 2019 remained at 55.40% and 58.00%, respectively, for the second week.
Projections for the Brazilian industrial output growth in 2018 increased to 3.18%, from 3.15% a week before, while the 2019 forecast decreased to 3.00%, from 3.04% last week.
The material has been provided by InstaForex Company – www.instaforex.com
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