Focus Bulletin

Experts and economists in the financial market improve projections for the growth of the Brazilian economy

With a more positive economic scenario, analysts from financial institutions started to project a stronger growth of the Brazilian economy for this and next year. Now, experts expect the Gross Domestic Product (GDP) to advance 0.91% in 2017, compared to an earlier estimate of 0.89%.

For 2018, the projections point to a growth of 2.62% of the Brazilian economy. Previously, this estimate was at 2.60%. The figures are part of the Focus Bulletin, a weekly document prepared by the Central Bank with estimates of about 100 analysts, and released on Monday (11).

The review comes shortly after the release of the economy numbers in the third quarter of the year. According to the Brazilian Institute of Geography and Statistics (IBGE), the economy in the country increased 1.4% compared to the same period last year, which confirmed the exit from the recession.

This advance was made possible by the measures taken by the government to make Brazil more efficient, less bureaucratic and with more wealth. Experts and economists have responded positively in recent months to the resumption of the economy and the structural reforms implemented during the period.

Inflation

The analysts  consulted by the Central Bank also projected much lower inflation than in recent years, which has already reached double digits. This year, it is expected to stand at 2.88% and mark 4.02%.

Source: Government of Brazil, with information from  the Central Bank