Bradesco sees Brazilian GDP contracting -2,0% in 2015

Bradesco, one of Brazilians leading banks,  just revised the Brazilian real GDP growth forecast to -2.0% in 2015, from -0.7%.

Changes reflect the worsening outlook for interest rates and inflation. They are also revising  2016 GDP estimate to 0.8%, from 1.4%.

At the beginning of the year, consensus was still at a positive level (0.5%).

That is not all: IBGE will revise its entire GDP data series back to the 1990s, which will likely affect analysts estimates once again.

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About Hildete Vodopives

Hildete de Moraes Vodopives is founder of Brazil Global and of the Harvard Strategists. She is a member of the Brazilian Investment Analysts Association (APIMEC-Rio) where she served as Corporate Relations Director and later, on the board. Hildete advises companies doing business in Brazil.
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