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Economists see zero growth in Brazil in 2015 - poll
February 9, 2015 / 10:51 AM / 3 years ago

Economists see zero growth in Brazil in 2015 - poll

People walk in front of a store on a commercial street in downtown Sao Paulo December 4, 2014. REUTERS/Paulo Whitaker

BRASILIA (Reuters) - Brazil’s economic growth is expected to remain completely stagnant this year, according to a weekly poll of economists by the central bank that also showed another rise in inflation expectations.

Forecasts for Brazil’s 2015 economic growth were cut by a sixth straight week, declining to zero from 0.03 percent in the prior week’s survey. Inflation is expected to end the year at 7.15 percent, up from 7.01 in the previous poll.

The inflation estimate is far above the government’s target range of 4.5 percent, plus or minus two percentage points.

Reporting by Silvio Cascione Editing by W Simon

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