Brazil Analysts Raise Inflation, Cut GDP Forecast for Third Week
This article is for subscribers only.
Brazil economists for the third week in a row raised their 2015 inflation forecast and cut their estimate for growth, as the central bank boosts rates and the government pledges to trim spending
Analysts boosted their 2015 inflation forecast to 6.67 percent, from 6.60 percent the previous week, and lowered their estimate for gross domestic production expansion to 0.38 percent from 0.40 percent, according to the Jan. 16 central bank survey of about 100 analysts published today.