Brazil 2018 GDP Growth Est. Raised to 4.1% From 3.7% at Fibra
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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Cristiano Oliveira (Banco Fibra SA)
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UUID: 7947283
(Bloomberg) -- The rising chances of Brazil’s GDP growing above 4% are mainly due to the impact of the low real interest rates in the coming quarters, says Fibra in a report signed by Cristiano Oliveira and Ágila Cunha.
- Bank says there are five other main reasons:
- Continuation of the synchronized growth scenario between developed markets and China;
- Continued improvement of confidence indexes (industry, services, construction);
- Higher than anticipated disinflation with direct impact on household disposable income and consequently consumption decisions;
- Resumption of credit market in an environment where households and businesses have deleveraged strongly;
- Recalculation of parameters of econometric models that show increased monetary policy effectiveness through traditional channels
- Fibra also raised Brazil’s 2017 GDP estimate from 0.7% to 0.8%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Cristiano Oliveira (Banco Fibra SA)
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UUID: 7947283