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BRAZIL: Economists Keep Estimate For 2017 GDP Growth At 0.70%

(Agencia CMA Latam) - Economists surveyed by the Brazilian central bank kept unchanged their forecasts for economic growth in 2017 after two consecutive weekly increases, at 0.70%.

For 2018, the median forecast for GDP growth was raised for the fifth week in a row, to 2.43%, from 2.38% last week.

Projections for Brazil's debt-to-GDP ratio in 2017 was raised to 52.25%, from 52.20% last week, while for 2018 forecasts increased to 55.71%, from 55.70% last week.

Projections for Brazilian industrial output growth in 2017 rose to 1.18%, from 1.05% last week, while for 2018 economists estimates was kept unchanged at 2.40%.

by Agencia CMA Latam

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