{"id":251722,"date":"2019-07-08T11:43:56","date_gmt":"2019-07-08T14:43:56","guid":{"rendered":"https:\/\/anba.com.br\/?p=251722"},"modified":"2019-07-10T19:53:57","modified_gmt":"2019-07-10T22:53:57","slug":"gdp-forecast-from-banks-worsens-2","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/gdp-forecast-from-banks-worsens-2\/","title":{"rendered":"GDP forecast from banks worsens"},"content":{"rendered":"<p>Bras\u00edlia \u2013 Economic growth estimates from Brazilian financial market players keep sliding. The Focus Bulletin, containing results of a weekly Central Bank poll, shows that Gross Domestic Product (GDP) is expected to grow by 0.82% this year, down from last week\u2019s 0.85% forecast. The estimate is now down for the 19<sup>th<\/sup> straight week.<\/p>\n<p>The economy is seen growing by 2.20% in 2020, the same as last week, and 2021 and 2022 forecasts remain at 2.50%.<\/p>\n<p>Estimates regarding the Extended National Consumer Price Index (IPCA) \u2013 the official measure of inflation in Brazil \u2013 remain at 3.80% for this year, and 3.91% in 2020. The government\u2019s 2020 inflation target is 4%, with 1.5 leeway up and down.<\/p>\n<p>Central Bank poll respondents see the benchmark interest rate, known as Selic, ending this year at 5.50% per annum, the same as last week. The current rate is 6.50%. The Selic is expected to end 2020 at 6%, and to climb to 7.5% per annum at the end of both 2021 and 2022.<\/p>\n<p><strong>Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-197219\">Press Release<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Brazilian financial institutions see the economy growing by 0.82% in 2019, down from last week\u2019s 0.85% estimate.<\/p>\n","protected":false},"author":2315,"featured_media":197219,"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":[2218,9754,1803,9755,2566,9756,9757,9758,29058,9759],"class_list":{"0":"post-251722","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-banks","9":"tag-benchmark-interest","10":"tag-central-bank","11":"tag-financial-institutions","12":"tag-focus-bulletin","13":"tag-gdp-en","14":"tag-inflation-en","15":"tag-ipca-en","16":"tag-pib-do-brasil-en","17":"tag-selic-en"},"wps_subtitle":"Brazilian financial institutions see the economy growing by 0.82% in 2019, down from last week\u2019s 0.85% estimate. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/251722","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=251722"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/251722\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/197219"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=251722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=251722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=251722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}