The economic growth of Brazil slightly slowed down in the second quarter, as polled by Reuters’ economist on Tuesday. Despite the increase in consumer expenditure that indicates recovery from the depression 100 years ago. While the GDP of the country would likely pick up to 0.1 percent in the quarter from the first three months of 2017 in the rear of seasonal adjustments, as shown in the median forecast made by 34 analysts. According to projections, the quarterly drop ranges from 0.3 percent to 0.7 percent growth, linked with the prediction of Banco Santander which is a highly accurate GDP forecaster, but growth is not expected at all. The survey underlined both the possible blow and feasible support for policymakers and investors upon the publication of data on Thursday 9 AM (1200 GMT) Moreover, the GDP of the largest economy in Latin America declined by 8 percent amid Q4 in 2014. The end of the fiscal year 2016 is the greatest recession for the country since the last recorded in 1901. Inflation was initially seen to escalate but slumped to its lowest level in eight years with a faster pace than anticipated. This influenced policy makers to trim their target for annual inflation. The central bank of Brazil also cut their interest rates by 500 basis points since October by which eventually held some impact as stated by economists.
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