Brazil Analysts See Faster Inflation, Deeper Recession in 2016
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Brazil analysts forecast faster inflation and a deeper contraction next year, putting them at odds with the country’s top economic officials.
Brazil’s inflation will accelerate 5.50 percent in 2016 compared to last week’s estimate of 5.44 percent, according to the Aug. 21 central bank survey of about 100 analysts. They also forecast the economy will shrink 0.24 percent in 2016, down from a 0.15 percent contraction last week. It was the third straight week economists increased their consumer price forecast and cut their GDP estimate for next year.