Brazil Economists Lower 2017 GDP Call for Fifth Straight Week

  • Economy seen growing 1% in 2017 after two years of recession
  • GDP call for 2017 lowest in four months in central bank survey

Brazil economists trimmed their forecast for economic growth next year to its lowest since July, as the market expects the central bank to be less aggressive when easing monetary policy.

Brazil will grow 1 percent in 2017, according to a weekly central bank survey of economists, compared to their prior 1.13 percent call. That is the fifth straight week in which they have revised their projection downward. The government is also about to cut its official growth forecast for 2017, currently at 1.6 percent, Finance Minister Henrique Meirelles said last week.

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