Economists reduce Brazil’s economic outlook for 2015, 2016

By Dow Jones Business News – 7/27/2015

Economists reduced their forecasts for Brazil’s economic performance once again, for this year and for 2016, as the country’s economy fails to regain traction.

Brazil’s gross domestic product is expected to contract 1.76% this year, compared with a contraction of 1.70% expected last week, according to a weekly central-bank survey of 100 economists.

For next year, economists reduced their view for an expansion of 0.20%, versus 0.33% projected in the prior week. The forecasts for both years marked the second consecutive downward revision by economists.

Read more…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s