{"id":213110,"date":"2019-04-29T13:41:30","date_gmt":"2019-04-29T16:41:30","guid":{"rendered":"https:\/\/anba.com.br\/?p=213110"},"modified":"2019-06-30T12:36:28","modified_gmt":"2019-06-30T15:36:28","slug":"banks-revise-down-brazilian-gdp-forecasts","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/banks-revise-down-brazilian-gdp-forecasts\/","title":{"rendered":"Banks revise down Brazilian GDP forecasts"},"content":{"rendered":"<p>Bras\u00edlia \u2013 Financial institutions revised down for the ninth time in a row their forecast for Brazilian economy growth this year. The estimate for Gross Domestic Product (GDP) growth went down from 1.71% to 1.70% this year. Four weeks ago, the estimate was 1.98%. For 2020, it remains at 2.50% and for 2021 and 2022 it also remains at 2.50%.<\/p>\n<p>These are the numbers at the Focus Readout, a weekly survey with forecasts by financial institutions for the main economic indicators. The readout is released every Monday by the Central Bank of Brazil (BC, acronym in Portuguese) in Bras\u00edlia.<\/p>\n<p>The inflation forecast, calculated by the Extended National Consumer Price Index (IPCA, acronym in Portuguese), remained at 4.01% this year. For 2020, it remains at 4%. For 2021 and 2022, it didn\u2019t change either: 3.75%. BC\u2019s main instrument to control inflation is the base interest rate, SELIC. For the financial market, SELIC is expected to remain at its historical minimum of 6.5% until the end of 2019. For the end of 2020, the projection remains at 7.50%. For the end of 2020 and 2021, the expectation remains at 8%.<\/p>\n<p>The forecast for the dollar remains at BRL 3.75 at the of this year and was revised down from BRL 3.80 to BRL 3.79 at the end of 2020.<\/p>\n<p><strong>Translated by Guilherme Miranda<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-205241\">Marcello Casal Jr.\/Ag\u00eancia Brasil<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Financial market revised down for the ninth time in a row their projections for Brazilian economy growth in 2019.<\/p>\n","protected":false},"author":2315,"featured_media":205241,"comment_status":"open","ping_status":"closed","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":[2637,6901,553,31606,3055,2824],"class_list":{"0":"post-213110","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-dollar","9":"tag-focus-readout","10":"tag-gdp","11":"tag-inflacao-en","12":"tag-inflation","13":"tag-selic"},"wps_subtitle":"Financial market revised down for the ninth time in a row their projections for Brazilian economy growth in 2019.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/213110","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=213110"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/213110\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/205241"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=213110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=213110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=213110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}