A poll of Brazilian banks this week shows that GDP is seen going up 0.87% in 2019, up from 0.80% as of last week.
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Financial institutions estimate that Selic will slid from 6% to 5% by the end of the year.
The Brazilian economy lost steam in Q2 from Q1, the Central Bank reported.
After sliding for 20 straight weeks, the 2019 economic growth projection from respondents of a Brazilian Central Bank poll edged up to 0.82%, up from 0.81% as of last week.
The economic growth forecast from financial institutions dropped from 0.82% last week to 0.81% in this one.
The 2019 economic growth forecast from Brazil’s Ministry of Economy narrowed from 1.6% to 0.8%.
Brazilian financial institutions see the economy growing by 0.82% in 2019, down from last week’s 0.85% estimate.
The country ran a BRL 13 billion deficit last month, up from a BRL 8 billion one in May 2018.
A Brazilian Central Bank index was down 0.47% in April from March, in the fourth straight month-on-month drop.
As per the Brazilian Central Bank’s Focus Bulletin, Brazil’s economy could see 1.13% growth this year.
Expenditure during international trips was down 3% in April and 10% year-to-date through April, the Brazilian Central Bank reported. A strong US dollar makes it more expensive to go abroad.
Brazilian financial market players expect to see 1.49% economic growth this year, down from 1.70% as of last week’s poll.
Expected economic growth in Brazil shrank from 1.98% to 1.97% this week from the last one, as per the Central Bank’s Focus Bulletin.
Brazilian financial market players’ 2019 economic growth estimate moved from 2% to 1.98%.
