Economics
Brazil Economists See Lower Growth And Slower Inflation in 2017
- GDP estimate cut to 0.5% in weekly central bank survey
- Consumer prices seen rising 4.85%, still above target
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Brazil economists cut their economic growth forecast for 2017 for the tenth consecutive week, while estimating inflation to slow but not enough to meet the official target.
Brazil’s gross domestic product will expand 0.5 percent next year, according to economists polled weekly by the central bank. Only three months ago, they expected the Latin America’s largest economy to emerge from a two-year recession and grow 1.36 percent in 2017.