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Economists surveyed by the Brazilian central bank raised their forecasts for economic growth in 2017 to 0.68%, from 0.60% in the last two weeks. For 2018, the median forecast for GDP growth was raised for the third week in a row, to 2.30%, from 2.20% last week.
Projections for Brazil's debt-to-GDP ratio in 2017 was raised to 52.15%, from 52.10% last week, while for 2018 forecasts decreased to 55.65%, from 55.70% last week.
Projections for Brazilian industrial output growth in 2017 was cut to 1.05%, from 1.10% last week, while for 2018, economists estimates decreased to 2.40%, from 2.45% in the previous survey.
