Brazil Cheers IMF's Revised Forecast
- IMF increases its forecast for Brazil to 2.3% in 2018
- Brazilian economists have been cutting their growth forecasts
Buildings stand in Rio de Janeiro, Brazil.
Photographer: Dado Galdieri/Bloomberg
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With Brazilian economists cutting their growth forecasts for the Latin American giant, the country’s top policy makers welcomed an upward revision by the International Monetary Fund, while downplaying the fact its estimate remains lower than others.
“I don’t know if you saw, but Brazil was one of the countries for which the IMF most intensely changed its growth forecast,” central bank chief Ilan Goldfajn told reporters on the sidelines of the IMF’s spring meeting in Washington. “It’s possible there’s another adjustment next time. If our projections are maintained, I think it’s likely they end up raising it.”