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

BRAZIL: Economists Cut 2018 GDP Growth Estimate To 1.94%

06/11/2018 - 12:27:00 (RTTNews)

(RTTNews) - Economists surveyed by the Brazilian central bank trimmed their forecasts for the country's economic growth in 2018 for the sixth week in a row, to 1.94% from 2.18% a week before. For 2019, GDP growth projections were decreased to 2.80% after 18 weeks at 3.00%.

Projections for Brazil's debt-to-GDP ratio remained stable at 55.00% for 2018 and rose to 57.05%, after seven weeks at 57.00%, in 2019.

Projections for the Brazilian industrial output growth in 2018 and 2019 were cut to 3.51% and 3.20%, from 3.80% and 3.50%, respectively.

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