{"id":54819,"date":"2016-08-08T13:06:00","date_gmt":"2016-08-08T15:06:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/gdp-estimate-from-banks-improves\/"},"modified":"2019-06-30T12:51:46","modified_gmt":"2019-06-30T15:51:46","slug":"gdp-estimate-from-banks-improves","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/gdp-estimate-from-banks-improves\/","title":{"rendered":"GDP estimate from banks improves"},"content":{"rendered":"<p>Bras&iacute;lia &ndash; Financial institutions polled by the Brazilian Central Bank have revised their economic contraction forecast for the second straight week. Expected contraction of the Gross Domestic Product (GDP) &ndash; the sum of all goods and services produced in the country &ndash; moved from 3.24% to 3.23%.<\/p>\n<p>The growth forecast for 2017 remains at 1.1% for three consecutive weeks. The numbers are from the Focus Bulletin, a weekly Central Bank poll covering major economic indicators issued on Mondays.<\/p>\n<p>Banks&rsquo; forecast for inflation, which is measured in the Extended National Consumer Price Index (IPCA), changed from 7.21% to 7.20% for this year and from 5.20% to 5.14% for 2017. The benchmark interest rate, aka the Selic rate, is seen at 13.50% per annum, 13.50% at the end of 2016 and 11% at the end of 2017.<\/p>\n<p>The year-end US dollar price forecast remains at BRL 3.30 for 2016 and BRL 3.50 for 2017. <\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial institutions polled by the Brazilian Central Bank believe the economy will shrink by 3.23% this year. The projection is down from 3.24% last week.<\/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-54819","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Financial institutions polled by the Brazilian Central Bank believe the economy will shrink by 3.23% this year. The projection is down from 3.24% last week.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/54819","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=54819"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/54819\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=54819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=54819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=54819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}