Brazilian financial institutions see the economy growing by 0.82% in 2019, down from last week’s 0.85% estimate.
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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%.
Financial institutions are expecting the Brazilian economy to see 2.28% growth in 2019. The estimate is down than that of last week.
Number is two times the one registered in 2017. Foreign direct investments reached USD 88.3 billion, more than enough to finance the negative balance in current account.
Financial institutions estimated the Brazilian economy will grow 2.57% this year. Last week, the projection was 2.53%.
The monetary authority’s 2019 economic growth forecast remained unchanged in its report made public this Thursday (20).
The Extended National Consumer Price Index (IPCA) slid for the sixth week back-to-back, this time to 3.89%, as per a Brazilian Central Bank poll.
Brazil’s National Treasury, Social Security and Central ran a combined BRL 9.45 billion (USD 2.44 billion) primary surplus, the widest for an October since 2016.
