{"id":55955,"date":"2016-12-19T13:39:00","date_gmt":"2016-12-19T15:39:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/banks-gdp-forecast-for-2017-worsens\/"},"modified":"2019-06-30T12:49:40","modified_gmt":"2019-06-30T15:49:40","slug":"banks-gdp-forecast-for-2017-worsens","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/banks-gdp-forecast-for-2017-worsens\/","title":{"rendered":"Banks\u2019 GDP forecast for 2017 worsens"},"content":{"rendered":"<p>Bras&iacute;lia &ndash; The forecast for the decline of the Gross Domestic Product (GDP) this year remains at 3.48% but the one for next year worsened, from 0.70% to 0.58%, as per the survey conducted weekly by the Brazilian Central Bank (BC) with financial institutions. It was the ninth consecutive reduction. <\/p>\n<p>Meanwhile, the inflation forecast stood within this year&rsquo;s target. Banks expect the Extended National Consumer Price Index (IPCA) to be at 6.49% this year, against the 6.52% forecast made last week. The inflation target center is 4.50% with the upper limit set at 6.50%. The forecast for the inflation rate declined for the sixth consecutive time. For 2017, the forecast for the IPCA remains at 4.90%. Next year&rsquo;s inflation target is set at 4.5%, with an upper limit of 6%.<\/p>\n<p>The financial institutions believe that the benchmark interest rate will end 2017 at 10.50% per year. Currently, it stands at 13.75%.<\/p>\n<p><strong>*Translated by S&eacute;rgio Kakitani<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial institutions expect the Brazilian economy to grow 0.58% next year. Last week\u2019s forecast had the growth at 0.70%.<\/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-55955","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Financial institutions expect the Brazilian economy to grow 0.58% next year. Last week\u2019s forecast had the growth at 0.70%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/55955","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=55955"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/55955\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=55955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=55955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=55955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}