Brasília – The economic growth forecast from financial institutions polled by the Brazilian Central Bank remains on a downtrend, while inflation estimates keep climbing. In the sixth straight increase, the Extended National Consumer Price Index (IPCA) forecast for this year moved from 3.88% to 4%. The 2019 estimate remains at 4.10%.
Gross Domestic Product (GDP) is expected to see 1.55% growth, down from a prior 1.76%, in the eighth straight drop. The 2019 GDP growth forecast slid for the third time back-to-back, from 2.70% to 2.60%.
The US dollar price projection from financial market players changed from BRL 3.63 to BRL 3.65 at the end of this year and remains at BRL 3.60 at the end of 2019.
Translated by Gabriel Pomerancblum
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