TABLE-Economists cut Brazil's 2014 growth view, industry down - poll

lunes 23 de junio de 2014 07:45 GYT

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
 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)