HALISTER1: Itau’s Cherman: Brazil GDP to Grow 1% 2017, 4% in 2018

Itau’s Cherman: Brazil GDP to Grow 1% 2017, 4% in 2018

(Bloomberg) -- (Translated by Google and reviewed by editors.)
  • Brazil’s economy can grow rapidly; the issue is when it will start to grow, said Itau Unibanco chief economist Luiz Gustavo Cherman at an event in Sao Paulo.
  • I expect small GDP growth already in 1Q17
  • Uunemployment will peak in Feb. 2018
  • Interest rate should close 2017 at 8.25%
  • Itau sees inflation at 4.1% in 2017, 3.8% in 2018
  • Itau sees the dollar at 3.35 reais at the end of 2017, 3.45 reais at the end of 2018

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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ITUB4 BZ (Itau Unibanco Holding SA)

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