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Brazil forecasts worsen

Source:Reuters Published: 2013-5-27 23:13:01

Economists trimmed forecasts for Brazil's economic growth this year to 2.93 percent from 2.98 percent previously, according to the median estimate in a weekly central bank survey published on Monday.

Economists also revised up forecasts for inflation and interest rates. Consumer prices are seen rising 5.81 percent this year, up from a forecast of 5.80 in the prior week, while interest rates are seen ending 2014 at 8.50 percent, up from 8.25 percent.

Posted in: Economy