UPDATE 1-Economists trim Brazil 2013 GDP growth forecasts - survey

Mon Jan 14, 2013 5:53am EST

Related Topics

SAO PAULO, Jan 14 (Reuters) - Economists trimmed their
forecasts for Brazil's economic expansion this year to 3.20
percent from 3.26 percent, a weekly central bank survey showed
on Monday.
    Analysts slightly raised their 2013 forecasts for inflation,
to 5.53 percent from 5.49 percent, though kept their
expectations for year-end interest rates unchanged at 7.25
percent for the ninth straight week.
    The central bank poll of nearly 100 economists forecast
economic growth in 2014 at 3.6 percent, down from a 3.75 percent
estimate in the previous week's survey. Inflation estimates for
2014 remained stable at 5.50 percent for a ninth consecutive
week.
   The government targets inflation at 4.5 percent, with a
tolerance margin of 2 percentage points in each direction.(pct)                2013                 2014
                      previous   new       previous  new
                      forecast   forecast  forecast  forecast
 Consumer inflation   5.49       5.53      5.50      5.50
 Exchange rate        2.08       2.07      2.05      2.05

 Interest rate        7.25       7.25      8.25      8.25

 GDP growth           3.26       3.20      3.75      3.60
 Industrial output    3.00       3.24      3.75      3.90
FILED UNDER: