TABLE-Economists cut Brazil's '14 GDP growth forecast to 0.52 pct-survey

Mon Sep 1, 2014 7:45am EDT

BRASILIA, Sept 1 (Reuters) - Economists trimmed their
forecasts for Brazil's 2014 economic growth to 0.52 percent from
0.70 percent after government data showed the economy slipped
into recession in the second quarter, a weekly central bank poll
showed on Monday.
    Brazil fell into a recession in the first half of the year
as investment dropped sharply and the country's hosting of the
World Cup suffocated economic activity. 
    Estimates for inflation and interest rates at end-2014
remained unchanged in the survey, which features the median
forecasts of about 100 financial institutions.
    
    
    
        
 (pct)           2014                2015
                 previous  new       previous  new
                 forecast  forecast  forecast  forecast
 Consumer        6.27      6.27      6.28      6.29
 inflation                                     
 Exchange rate   2.35      2.35      2.50      2.50
 (reais per U.S                                
 dollar,                                       
 end-period)                                   
 Interest rate   11.00     11.00     12.00     11.75
 (end-period)                                  
 GDP growth      0.70      0.52      1.20      1.10
 Industrial      -1.76     -1.70     1.70      1.70
 output                                        
 
 (Reporting by Silvio Cascione; Editing by Jeffrey Benkoe)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.