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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
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