Brasília – Economic growth expected by Brazilian financial market players eased once again. They see Gross Domestic Product (GDP) going up 2.70%, down from 2.75% as of last week and the week before. The forecast had dropped for four weeks straight prior to that. In 2019, growth is expected to be 3%.
The estimates are from the weekly Focus Bulletin, made public by the Brazilian Central Bank this Monday (7).
The benchmark interest rate, known as the Selic rate, is seen ending 2018 at 6.25% per annum and then climbing to 8% at the end of 2019.
Translated by Gabriel Pomerancblum
PUBLICIDADE
