BRAZIL: Economists Keep Estimates For 2017 GDP Unchanged At 0.34%

(RTTNews) - Economists surveyed by the Brazilian central bank kept unchanged their forecasts for economic growth in 2017 at 0.34% for the third week in a row, down from 0.39% four weeks ago. For 2018, the median forecast for GDP growth remained at 2.00% for the fourth week.

Projections for Brazil's debt-to-GDP ratio in 2017 were revised down, to 51.50%, from 51.70% last week, while for 2018 forecasts were raised to 55.15%, from 55.10% last week.

Projections for the Brazilian industrial output growth in 2017 remained at 0.83% for the second week. For 2018, economists estimates fell to 2.22%, from 2.26% last week.