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Market Raises Brazilian GDP Growth Forecast For 2019

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The financial market remains optimistic about economic growth forecasts for 2019. According to the Focus Bulletin, published by the Central Bank on Monday, Jan. 14th, the estimate of the Gross Domestic Product (GDP) this year rose from 2.53 percent to 2.57 percent.

Regarding the Extended Consumer Price Index (IPCA), which calculates inflation, the bulletin informs that the forecast for this year went from 4.02 percent to 4.03 percent. The percentage is below the center of the target defined by the bank, of 4.25 percent.

Still according to analysts, by 2020, inflation should stand at 4 percent and the economy should grow 2.5 percent. By 2021, the GDP growth forecast is 2.5 percent with inflation of 3.75 percent.

The Focus Bulletin is a weekly publication, released every Monday, which gathers the forecasts of more than 100 analysts by the Central Bank. They report their projections to the BC, which weighs up these data and releases the results.