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Brazil GDP expected to grow 0.7% in 2017

The economy is expected to increase 3.4% in 2018, with an inflation

Published in 30/03/2017 - 16:04 By Ana Cristina Campos reports from Agência Brasil - Rio de Janeiro

EBC

For 2017, the institute estimates an increase of 0.7% in the Brazilian GDPAgência Brasil

A projection released by the Institute for Applied Economic Research (IPEA) Thursday (Mar. 30) indicates that the first quarter this year should report a 0.3% growth in the country's GDP, seasonal dynamics considered, breaking a streak of negative performances started in the last quarter of 2014.

For 2017, the institute estimates an increase of 0.7% in the Brazilian GDP. For next year, in turn, the expansion estimated stands at 3.4%, with the inflation rate at 4.5%.

According to José Ronaldo de Castro Souza Jr., IPEA's director for macro-economic policies and studies, the forecast for economic growth takes into account the recovery for industry and agriculture, expected to see supercrops of soybeans and grains.


Translated by Fabrício Ferreira


Fonte: Brazil GDP expected to grow 0.7% in 2017

Edition: Valéria Aguiar / José Romildo

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