Home Business Economists Cut 2018 GDP Growth Estimate To 2.84%, From 2.89%

Economists Cut 2018 GDP Growth Estimate To 2.84%, From 2.89%

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Economists surveyed by the Brazilian central bank decreased their forecasts for economic growth in 2018 to 2.84%, from 2.89% last week. For 2019, GDP growth projections remained at 3.00% for the ninth week.

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

Projections for the Brazilian industrial output growth in 2018 decreased to 3.91%, from 3.97% a week before, while the 2019 forecast remained at 3.50%.