trending Market Intelligence /marketintelligence/en/news-insights/trending/jbundnuduphgddlaaadsag2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Brazil's central bank cuts 2017 GDP forecast

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


Brazil's central bank cuts 2017 GDP forecast

Banco Central do Brasil lowered its 2017 GDP growth forecast to 0.8% from 1.3% as the central bank said that it expects 2016 to end with a slightly sharper recession than previously thought.

In its latest quarterly inflation report, released Dec. 22, the central bank said that it now expects the country to end with a 3.4% GDP contraction for 2016, which compares to its previously forecast 3.3% decline.

Meanwhile, the regulator projects an inflation rate of 4.4% for 2017 and 3.6% for 2018, below its target of 4.5%. For 2016, the central bank now projects an inflation rate of 6.5%, slower than its previous estimate of 7.3%.

Earlier in the month, the central bank's monetary policy committee said a slower than expected economic recovery could provide more room for cuts in the country's benchmark Selic rate.