São Paulo – Financial market analysts believe the Gross Domestic Product (GDP) will drop 3.1% in 2015 and 2% next year, according to the Focus Bulletin, which gives results from a Central Bank poll of financial institutions and was released this Monday (16th). The forecast for 2015 remained flat and the one for 2016 is worse than last week’s 1.9% shrinkage forecast.
Industrial output projections also remained unchanged: a 7.4% drop is expected this year and the forecast of decline for 2016 changed from 2% to 2.15%. The net debt-to-GDP ratio forecast improved slightly, from 35.8% to 35.5%. The forecast for 2016 also improved, from 39.6% to 39.4%.
*Translated by Gabriel Pomerancblum
