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

BRAZIL: Economists Raise Estimates For 2017 GDP Growth To 0.60%, From 0.50%

09/11/2017 - 16:59:00 (RTTNews)

(RTTNews) - Economists surveyed by the Brazilian central bank raised their forecasts for economic growth in 2017 for the third week in a row, to 0.60% from 0.50% last week. For 2018, the median forecast for GDP growth increased to 2.10%, after spending nine weeks at 2.00%.

Projections for Brazil's debt-to-GDP ratio in 2017 was raised to 52.05%, from 52.00% last week, while for 2018 forecasts decreased to 55.40%, from 55.65% last week.

Projections for Brazilian industrial output growth in 2017 was raised to 1.10%, from 1.00% last week. For 2018, economists rose their estimates to 2.30%, from 2.16% in the previous survey.

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