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.

Published by Hildete Vodopives

Hildete de Moraes Vodopives is founder of Brazil Global and of the Harvard Strategists Group. She has a PhD in Economic History and advises companies and investment agencies in international business development.She served as Corporate Relations Director and later, on the board of the Brazilian Investment Analysts Association (APIMEC).

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s