Economists raise Brazil's growth view after surprising Q1 data - poll
BRASILIA, June 6 (Reuters) - Economists raised their forecasts for Brazil's economic growth in 2016 and 2017 after official data last week showed a better-than-expected performance in the first quarter, a weekly central bank poll showed on Monday. The median estimate of about 100 economists in the survey for next year's economic growth improved to 0.85 percent from 0.55 percent, suggesting a stronger rebound from a two-year-long recession that could be the worst in Brazil's recorded history. Brazil's economy shrank for a fifth straight quarter in early 2016, but the drop was smaller than forecast due to heavier government spending in the months before a vote to impeach President Dilma Rousseff. (pct) 2016 2017 previous new previous new forecast forecast forecast forecast Consumer inflation 7.06 7.12 5.50 5.50 Exchange rate 3.65 3.68 3.85 3.85 (reais per U.S dollar, end-period) Interest rate 12.88 12.88 11.25 11.25 (end-period) GDP growth -3.81 -3.71 0.55 0.85 Industrial output -6.00 -5.90 0.90 1.00 (Reporting by Silvio Cascione)
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