Private sector analysts have revised their 2014 growth forecasts for Brazil’s economy upward to 1.65 percent from 1.63 percent last week, the Central Bank said Monday.
Analysts revised their 2014 inflation estimate downward to 6.5 percent from 6.51 percent, keeping it within the government’s acceptable range.
The government has an inflation target of 4.5 percent for this year, with a 2 percent band.
The gross domestic product (GDP) and inflation estimates were included in the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.
Analysts maintained their 2015 growth forecast for South America’s largest economy at 2 percent with an inflation rate of 6 percent.