Economists cut forecast for Brazil's 2016 growth to -2.95 pct: poll

lunes 4 de enero de 2016 06:56 GYT
 

BRASILIA, Jan 4 (Reuters) - Brazil's economy is expected to
shrink nearly 3 percent in 2016, according to a weekly central
bank poll of economists on Monday.
    The median of about 100 estimates in the survey for economic
growth this year fell for a 13th straight week to 2.95 percent,
from 2.81 percent in the prior week's poll. Estimates for
inflation and interest rates remained largely unchanged.
    Brazil fell into one of its deepest recessions on record
last year as a bitter political dispute within President Dilma
Rousseff's coalition helped fuel a ballooning budget gap.
    
 
        
 (pct)                2015                 2016
                      previous   new       previous  new
                      forecast   forecast  forecast  forecast
 Consumer inflation   10.72      10.72     6.86      6.87
 Exchange rate        3.90       --        4.20      4.21
 (reais per U.S                                      
 dollar, end-period)                                 
 Interest rate        --         --        15.25     15.25
 (end-period)                                        
 GDP growth           -3.70      -3.71     -2.81     -2.95
 Industrial output    -7.69      -7.80     -3.50     -3.50
 
 (Reporting by Silvio Cascione; Editing by Andrew Heavens)