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Financial News: BRAZIL: Economists Cut 2018 GDP Growth Estimate To

BRAZIL: Economists Cut 2018 GDP Growth Estimate To 2.51%

05/14/2018 - 13:20:00 (RTTNews)

(RTTNews) - Economists surveyed by the Brazilian central bank have trimmed their forecasts for the country's economic growth in 2018 to 2.51%, from 2.70% a week before. For 2019, GDP growth projections remained at 3.00% for the fifteenth straight week.

Projections for Brazil's debt-to-GDP ratio remained stable at 55.00% for 2018 and 57.00% in 2019.

Projections for the Brazilian industrial output growth in 2018 decreased for the third consecutive week, to 3.80%, from 3.81%, while the 2019 forecast remained at 3.50% for the ninth straight week.

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