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Montevideo, September 24th 2018 - 03:59 UTC

Tag: growth forecast

  • Friday, June 29th 2018 - 08:40 UTC

    Brazil central bank slashed 2018 growth forecast to 1.6%

    The bank sees GDP growth of 1.6% this year, according to its quarterly inflation report, compared to 2.6% previously.

    Brazil’s central bank on Thursday slashed its growth forecast for 2018 gross domestic product after a nationwide truckers strike paralyzed key sectors of Latin America’s largest economy. The bank sees GDP growth of 1.6% this year, according to its quarterly inflation report, compared to 2.6% previously.

  • Wednesday, June 6th 2018 - 08:27 UTC

    Brazil's central bank survey lowers 2018 growth forecast to 2.18%

    The downgrade was blamed on a slower than expected rate of economic recovery and crippling truckers' strikes in May

    Brazil's financial market has downgraded its 2018 economic growth forecast from 2.37% to 2.18%, according to a Focus poll released on Monday by the Central Bank. Four weeks ago, a similar survey of the country's leading financial institutions showed GDP was expected to expand 2.7%.