TABLE-Economists cut Brazil's 2014 growth view, industry down - poll
BRASILIA, June 23 (Reuters) - Economists cut their forecasts for Brazil's 2014 economic growth for a fourth straight week as industrial output is now expected to decline, a weekly central bank poll showed on Monday. Latin America's largest economy is expected to grow just 1.16 percent this year, down from a forecast of 1.24 percent a week before, the poll showed. Industrial output is expected to decline 0.14 percent in 2014, down from a forecast of 0.51-percent growth in the prior week's survey, according to the median estimate of about 100 financial institutions participating in the survey. At the beginning of the year, economists expected industrial output to grow by more than 2 percent in 2014. Forecasts for interest rates and inflation were largely unchanged in the survey. (pct) 2014 2015 previous new previous new forecast forecast forecast forecast Consumer inflation 6.46 6.46 6.08 6.10 Exchange rate 2.40 2.40 2.50 2.50 (reais per U.S dollar, end-period) Interest rate 11.00 11.00 12.00 12.00 (end-period) GDP growth 1.24 1.16 1.73 1.60 Industrial output 0.51 -0.14 2.25 2.30 (Reporting by Silvio Cascione; Editing by Chizu Nomiyama)
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