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

BRAZIL: Economists Raise Estimates For 2017 GDP Growth To 0.73% From 0.72%

10/23/2017 - 17:44:00 (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 0.73% from 0.72% last week.

For 2018, the median forecast for GDP growth was kept unchanged at 2.50%, after six consecutive weekly increases.

Projections for Brazil's debt-to-GDP ratio in 2017 decreased to 52.23% from 52.25% last week, while for 2018 forecasts increased to 55.90% from 55.72% last week.

Projections for Brazilian industrial output growth in 2017 were raised to 2.00%, from 1.18% last week, while for 2018 economists estimates was increased to 2.73% from 2.50% in the previous week.

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