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Financial News: BRAZIL: Economists Raise Estimates For 2017 GDP Growth

BRAZIL: Economists Raise Estimates For 2017 GDP Growth To 0.50%, From 0.39%

09/04/2017 - 18:09:00 (RTTNews)

(RTTNews) - Economists surveyed by the Brazilian central bank raised their forecasts for economic growth in 2017 for the second week in a row, to 0.50%, from 0.39% last week. For 2018, the median forecast for GDP growth remained at 2.00% for the ninth week in a row.

Projections for Brazil's debt-to-GDP ratio in 2017 were raised to 52.00%, from 51.95% last week, while for 2018 forecasts increased to 55.65%, from 55.60% last week.

Projections for Brazilian industrial output growth in 2017 remained at 1.00%. For 2018, economists estimates were kept at 2.16%.

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