Brasília – The forecast made by financial institutions regarding the shrinkage of the economy this year was revised down for the 11th consecutive time. Now, the estimation for the fall of the Gross Domestic Product (GDP), the sum of all goods and services produced in the country, went from 3.66% to 3.73%.
For 2017, the estimation of growth, which was revised down for the third consecutive time, went from 0.35% to 0.30%. The forecasts are part of the Focus Bulletin, published weekly by the Brazilian Central Bank (BC) and based on the survey with financial institutions regarding the main economic indicators.
The financial institutions also changed their inflation forecast, as measured by the Extended National Consumer Price Index (IPCA), from 7.31% to 7.28%. For 2017, the estimation remains at 6% for eight consecutive weeks already.
And the forecast for the price of the dollar went from BRL 4.15 to BRL 4 at the end of 2016, and from BRL 4.20 to BRL 4.10 at the end of the next year.
*Translated by Sérgio Kakitani
