GDP shrinkage forecast improves
11 de julho de 2016
Financial institutions are expecting the Brazilian economy to shrink 3.30% in 2016. Last weeks forecast had been for a 3.35% decrease, according to a survey by the Brazilian Central Bank.
Brasília – The forecast made by financial institutions for the decline of the Gross Domestic Product (GDP), the sum of all goods and services produced in the country, was revised up from 3.35% last week to 3.30% this week. The forecast is for 2016. The growth estimate for 2017 remains at 1% for four straight weeks. The estimates are from the survey conducted every week by the Brazilian Central Bank (BC).
The Extended Consumer Price Index (IPCA), which measures financial institutions’ inflation forecast, changed slightly from 7.27% to 7.26%. This is the second consecutive week that the forecast is revised down. For 2017, the forecast has the inflation rate also going down, from 5.43% to 5.40%, the second consecutive change.
The estimate for the dollar price changed from BRL 3.46 to BRL 3.40 at the end of this year, and from BRL 3.70 to BRL 3.55 at the end of 2017.
*Translated by Sérgio Kakitani