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After GDP advances, the market raises its forecast for growth to 2017

Focus Bulletin

Experts consulted by the Central Bank have also reduced inflation projection this year

reinforced the positive outlook for the Brazilian economy. In 2017, the estimate for the Gross Domestic Product (GDP) rose from 0.39% to 0.50%.

For 2018, the growth estimate for the Brazilian economy is 2%. The forecasts are part of the Focus Bulletin, a weekly publication that brings together the projections of about 100 analysts. The document is prepared by the Central Bank and released every Monday.

On Friday (1st), data from the Brazilian Institute of Geography and Statistics (IBGE) showed that the economy advanced 0.2% in the second quarter, a result that was higher than expected.

With this, the estimate for inflation this year fell again, from 3.45% to 3.38%. In 2018, the bet is that inflation will fall to 4.18%, compared to an earlier projection of 4.20%.

Source: Portal Brasil, with information from the Central Bank