{"id":50962,"date":"2015-05-11T12:48:00","date_gmt":"2015-05-11T14:48:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/banks-see-gdp-shrinking-even-further\/"},"modified":"2019-06-30T13:00:14","modified_gmt":"2019-06-30T16:00:14","slug":"banks-see-gdp-shrinking-even-further","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/banks-see-gdp-shrinking-even-further\/","title":{"rendered":"Banks see GDP shrinking even further"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; The Brazilian financial market expects Gross Domestic Product (GDP) to shrink even more this year. The Focus Bulletin issued this Monday (11th) says Brazil&rsquo;s domestic economy will contract by 1.2%. Last week, the forecast had been 1.18%. For next year, the analysts polled see 1% growth. <\/p>\n<p>They also believe the benchmark interest rate (known as Selic) will be 13.5% by the end of this year and 11.63% in 2016. The forecast for the extended consumer inflation index (IPCA) climbed from 8.26% to 8.29% for this year. In 2016, a 5.51% inflation rate is expected. <\/p>\n<p>The bulletin also shows industrial production is expected to be down 2.5% in 2015 and up 1.50% next year. The exchange rate estimate for 2015 is R$ 3.20 for US$ 1. In 2016, US$ 1 will be worth R$ 3.30, according to the poll.<\/p>\n<p>The poll&rsquo;s respondents believe Brazil will post a US$ 3 billion trade surplus in 2015.<\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial market forecasts that Brazil\u2019s economy will contract by 1.2% in 2015. As of last week, a less pronounced decline was expected, according to a Brazilian Central Bank poll.<\/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-50962","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Financial market forecasts that Brazil\u2019s economy will contract by 1.2% in 2015. As of last week, a less pronounced decline was expected, according to a Brazilian Central Bank poll.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/50962","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=50962"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/50962\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=50962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=50962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=50962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}