GDP growth forecast cut down to 0.7%
According to the Quarterly Report on Inflation, released Monday (Sep 29), the gross domestic product (GDP) is expected to grow 0.7%, against a previous 1.6%.
The Brazilian Central Bank (BC) has reduced the country's projected expansion for the economy this year. According to the Quarterly Report on Inflation, released Monday (Sep 29), the gross domestic product (GDP) is expected to grow 0.7%, against a previous 1.6%.
According to BC, the agricultural production is expected to increase by 2.3%—reported previously at 2.8%. Also, the industrial production is likely to recede 1.6%, against a former 0.4%. The forecast for services, in turn, went down to 1.2% from 2%.
The consumption among families is expected to undergo a surge of 1.6%, compared to a 2% estimated in June. Its government counterpart went from 2.1% to 1.7%; and the rise in exports and imports were revised up from 2.3% to 3.6%, and from 0.6% to 1%, respectively.
For the 12-month period ending in June 2015, the growth forecast by BC for the GDP is 1.2%.
Translated by Fabrício Ferreira
Fonte: GDP growth forecast cut down to 0.7%
