Brazil's financial analysts upgrade 2019 growth forecast to 0.82pc | 2019-07-24

Brazil's financial analysts upgrade 2019 growth forecast to 0.82pc

24 July, 2019 12:00 AM printer

BRASILIA: Brazilian financial analysts upgraded the country's economic growth forecast for 2019 from 0.81 percent to 0.82 percent, the Central Bank of Brazil said on Monday.

The bank's latest Focus survey of the country's leading financial groups showed the first positive assessment of economic growth following 20 weeks of consecutive downgrades, reports Xinhua.

At the start of the year, the gross domestic product (GDP) was expected to expand by 2.5 percent in 2019, but the growth forecast gradually dipped as the economy lagged.

However, analysts surveyed by the central bank maintained their projections for growth in 2020 at 2.1 percent.


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