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

BRAZIL: Economists Trim 2018 GDP Growth Estimate To 2.80% From 2.84%

04/09/2018 - 14:48:00 (RTTNews)

(RTTNews) - Economists surveyed by the Brazilian central bank cut their 2018 economic growth forecasts for the second consecutive week, to 2.80% from 2.84% last week. For 2019, GDP growth projections remained at 3.00% for the tenth straight week.

Projections for Brazil's debt-to-GDP ratio remained stable at 55.00% for 2018, but fell to 57.20 in 2019, from 57.40% last week.

Projections for the Brazilian industrial output growth in 2018 increased to 4.29%, from 3.91% a week before, while the 2019 forecast remained at 3.50%.

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