Brasília – Financial institutions polled by the Brazilian Central Bank have once again revised their economic shrinkage expectation for this year. This time, the forecast for the Gross Domestic Product (GDP) – the sum of all goods and services produced in the country – went from 3.02% to 3.05%, as reported in the Central Bank’s Focus Bulletin, a poll of financial market players that covers relevant economic indicators. <\/p>\n
The GDP shrinkage expectation for 2016 also changed, from 1.43% to 1.51%. The poll’s respondents believe industrial production will drop 7% this year. The projection for next year changed from a 1.5% to a 2% drop. <\/p>\n
According to the poll, recession should bring above-target inflation in its wake this year. The midpoint of the target range is 4.5% and the upper limit is 6.5%. Expectation regarding the official consumer price index Índice Nacional de Preços ao Consumidor Amplo (IPCA) <\/em>was revised from 9.85% to 9.91%. Next year, it is believed that inflation will stay within the tolerance band, but far from the midpoint at 6.29%. Last week’s projection was 6.22%. <\/p>\n *Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Respondents in a poll believe the Brazilian economy should contract by 3.05% this year. As of last week, their contraction expectation was slightly milder at 3.02%.<\/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-52467","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Respondents in a poll believe the Brazilian economy should contract by 3.05% this year. As of last week, their contraction expectation was slightly milder at 3.02%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/52467","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=52467"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/52467\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=52467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=52467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=52467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}