Financial institutions estimated the Brazilian economy will grow 2.57% this year. Last week, the projection was 2.53%.
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The United States currency slid 1.04% this Friday to end the week at BRL 3.71.
Estimate by Brazilian banks points to a 3.94% rate for the Extended National Consumer Price Index (IPCA) this year, down from the forecast of 4.13% of last week.
The results of a poll of financial market players in Brazil shows that prices are expected to have climbed by 4.13% at the end of this year, down from a prior 4.23% forecast.
As per a Brazilian Central Bank poll, financial market players are expecting prices to be up 4.23% this year. The forecast is down from last week.
The financial market forecasts a 4.40% inflation rate for Brazil this year. Last week, the forecast was 4.43%.
Brazilians spent USD 1.1 billion abroad in September, way below the figure registered in the same month of 2017.
The North American currency ended this Thursday at BRL 3.72, going up 1.11% over the previous day.
Financial institutions are expecting prices to increase 4.4% this year. Last week’s forecast pointed to a 4.3% inflation rate.
The organization’s new forecast for growth in trade volume in 2018 went from 4.4% to 3.9% in face of the trade war between the United States and China and the volatility in exchange rates.
Projections regarding Brazil’s Extended National Consumer Price Index (IPCA) moved up for the second straight week, to 4.28%.
The North American currency ended this Friday at BRL 4.05, down 0.59% over the previous day.
The North American currency’s value dropped 1.27% this Thursday, the second straight day of decline.
The Brazilian Central Bank’s weekly survey shows that financial institutions expect a 1.47% growth for the Brazilian economy this year. Last week, the banks’ GDP forecast stood at 1.49%. The inflation forecast was revised up.
