trending Market Intelligence /marketintelligence/en/news-insights/trending/jQY-kXL5Sfgr1tnNGBQl5Q2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Brazil central bank raises GDP forecast for 2019, 2020

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Brazil central bank raises GDP forecast for 2019, 2020

Banco Central do Brasil raised its forecast for GDP growth for the country to 2.2% for 2020, up 40 basis points from its previous estimation, according to the institution's quarterly inflation report.

For 2019, the central bank raised its estimate of economic growth to 1.2% from a previous 0.9% forecast.

"It's worth noting that this outlook will be conditioned by the continuation of the reforms and adjustments that are necessary for the Brazilian economy," the monetary authority wrote in the report.

The central bank, which lowered its benchmark rate by 50 basis points to 4.50% on Dec. 11, also upheld its previous inflation forecast of 3.5% for 2020 and 3.4% for 2021.