Brasília – According to a poll of banks conducted by the Brazilian Central Bank, inflation forecasts have improved slightly, while economic projections have worsened. Focus Bulletin, issued every Monday, shows that the Extended National Consumer Price Index (IPCA), the official measure of inflation, dropped from 6.88% to 6.84%. The 2017 forecast changed from 4.94% to 4.93%.
The Gross Domestic Product (GDP) estimate for this year has worsened for the sixth straight week, from 3.31% to 3.37% contraction. The forecast for 2017 improved for the fourth straight time, from 1.20% to 1.13%. The year-end US dollar price projection moved from BRL 3.20 to BRL 3.22. The 2017 forecast went from BRL 3.39 to BRL 3.40.
*Translated by Gabriel Pomerancblum
