A woman walks on this beach as the sunshine sets between properties in Recife June 13, 2016. REUTERS/Brian Snyder/File Photo
BRASILIA (Reuters) – Brazil’s economy will likely grow less than One percent in 2017, emerging from a harsh recession not so quick than previously expected, a weekly central bank study showed on Wednesday.
Economists cut their median forecasts for Brazil’azines gross domestic product in 2017 for that sixth straight few days, to 0.1996 percent, the central bank said.
A Reuters study on Friday additionally showed economists forecasting growth to be less than 1 percent next year.
Statistics organization IBGE will publish third-quarter GDP data on Mondy, probably to show how the one of the longest recessions during Brazil’s history had taken a turn for your worse. Brazil’s market is expected to shrink in excess of 3 percent for a next straight year inside 2016.
(Reporting by Silvio Cascione; Updating by Catherine Evans)