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.