Economists raise Brazil's growth view after surprising Q1 data - poll

lunes 6 de junio de 2016 07:47 GYT

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
 GDP growth           -3.81      -3.71     0.55      0.85
 Industrial output    -6.00      -5.90     0.90      1.00

 (Reporting by Silvio Cascione)