{"id":53445,"date":"2016-02-29T12:09:00","date_gmt":"2016-02-29T14:09:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/banks-see-gdp-shrinking-3-45\/"},"modified":"2019-06-30T12:54:25","modified_gmt":"2019-06-30T15:54:25","slug":"banks-see-gdp-shrinking-3-45","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/banks-see-gdp-shrinking-3-45\/","title":{"rendered":"Banks see GDP shrinking 3.45%"},"content":{"rendered":"<p>Bras&iacute;lia &ndash; The economy shrinkage forecast by Brazilian banks has worsened again, this time from 3.40% to 3.45%. The estimate is part of the Focus Bulletin, a weekly poll of financial institutions conducted by the Brazilian Central Bank. The Gross Domestic Product (GDP) forecast for 2017 has been kept at 0.50%. <\/p>\n<p>The inflation forecast by Brazilian banks has edged down: the Extended Consumer Price Index (IPCA) forecast, based on which the government sets it inflation targets, is down from 7.62% to 7.57% this year. <\/p>\n<p>Amid a shrinking economy, financial institutions are not expecting the benchmark interest rate (known as Selic) to be changed this year. The rate is believed to remain at the current 14.25% through the end of the year. <\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A poll of financial institutions conducted by the Brazilian Central Bank shows deteriorating expectations regarding the economy in 2016. Last week\u2019s shrinkage forecast had been 3.40%.<\/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-53445","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"A poll of financial institutions conducted by the Brazilian Central Bank shows deteriorating expectations regarding the economy in 2016. Last week\u2019s shrinkage forecast had been 3.40%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/53445","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=53445"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/53445\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=53445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=53445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=53445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}