Market sees GDP growing less this year at 1.5%

Market sees GDP growing less this year at 1.5%

By Marcela AyresBRASILIA (Reuters) - Economists have once again lowered expectations for economic growth this year, also reducing the projection for inflation by 2 ...

By Marcela AyresBRASILIA (Reuters) - Economists have once again lowered expectations for economic growth this year, also reducing the projection for inflation in 2018, according to a Central Bank Focus survey released on Monday.Now, the forecast is that GDP growth in 2018 will be 1.50 per cent, up from 1.53 per cent in the previous reading and the 3 per cent level that was already indicated a few months earlier. , after the truckers' strike and a drop in the confidence of the economic agents.For next year, the account follows growth of 2.50 percent of GDP.The Brazilian economy contracted by 3.34 percent in May over the previous month, according to the Central Bank's Economic Activity Index (IBC-Br), a kind of GDP indicator, also released this morning.Directly affected by the truckers strike that paralyzed the country in the month, the performance corroborates the reading of most agents of a much weaker activity than expected this year.The Ministry of Finance itself, which ...


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