BRASILIA, Sept 1 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
Exchange rate 2.35 2.35 2.50 2.50
(reais per U.S
Interest rate 11.00 11.00 12.00 11.75
GDP growth 0.70 0.52 1.20 1.10
Industrial -1.76 -1.70 1.70 1.70
(Reporting by Silvio Cascione; Editing by Jeffrey Benkoe)