{"id":148909,"date":"2017-12-21T12:25:00","date_gmt":"2017-12-21T14:25:00","guid":{"rendered":"https:\/\/anba.com.br\/central-bank-forecasts-1-gdp-growth\/"},"modified":"2019-06-30T12:43:55","modified_gmt":"2019-06-30T15:43:55","slug":"central-bank-forecasts-1-gdp-growth","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/central-bank-forecasts-1-gdp-growth\/","title":{"rendered":"Central Bank forecasts 1% GDP growth"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; The Brazilian Central Bank changed up its economic growth forecast for this and next year. Gross Domestic Product (GDP) is expected to widen by 1% this year, up from September&rsquo;s 0.7% forecast, in the Inflation Report released online this Thursday (21) on the authority&rsquo;s website. The 2018 growth forecast moved up from 2.2% to 2.6%. <\/p>\n<p>This year, agricultural output should be up 12.8%, while industry activity is expected to see a 0.3% drop. The services sector is expected to grow by 0.3%, with investment dropping 2.5% and household consumption going up 1.2%. <\/p>\n<p>For 2018, the Central Bank believes agricultural output will decline by 0.4%, with industry growing 2.9% and services going up 2.4%. Household consumption is expected to be up 3% as income and credit improve. Investments should be up 3%, driven by an expected improvement in the civil construction industry. <\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Brazilian monetary authority changed up its 2017 economic growth estimate from a prior 0.7%. Next year, Gross Domestic Product is seen widening by 2.6%, which is also up from the last projection.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-148909","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The Brazilian monetary authority changed up its 2017 economic growth estimate from a prior 0.7%. Next year, Gross Domestic Product is seen widening by 2.6%, which is also up from the last projection.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/148909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=148909"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/148909\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=148909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=148909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=148909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}