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

BRAZIL: Economists Trim 2018 GDP Growth Estimate To 2.83%, From 2.87%

03/19/2018 - 16:18:00 (RTTNews)

(RTTNews) - Economists surveyed by the Brazilian central bank decreased their forecasts for economic growth in 2018 for the second consecutive week, to 2.83%, from 2.87% last week. For 2019, GDP growth projections remained at 3.00% for the seventh week.

Projections for Brazil's debt-to-GDP ratio remained stable at 55.00% for 2018 and 57.60% for 2019.

Predictions for the Brazilian industrial output growth in 2018 increased to 3.98%, from 3.97% a week before, while the 2019 forecast remained at 3.50%.

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