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

BRAZIL: Economists Cut 2018 GDP Growth Estimate To 1.55%

06/25/2018 - 14:37:00 (RTTNews)

(RTTNews) - Economists surveyed by the Brazilian central bank pared their forecasts for the country's economic growth in 2018 for the eighth week in a row, to 1.55% from 1.76% a week before.

For 2019, GDP growth projections were decreased for the third consecutive week, to 2.60% from 2.70%.

Projections for Brazil's debt-to-GDP ratio remained stable at 55.00% in 2018 and rose to 58.00% in 2019. Projections for the Brazilian industrial output growth in 2018 and 2019 remained at 3.50% and 3.20%, respectively.

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