Brazil's economy continues to deteriorate. The former locomotive of South America, which officially entered a recession in 2015 with two consecutive negative quarters, will struggle to get back up before 2016: on the contrary, according to the forecasts of the green-gold central bank itself, it will end 2015 with the GDP losing 2,7%, even worse than the 2,55% forecast just a week ago.
According to the latest estimates the gross domestic product Brazilian it will therefore decrease by 2,7% this year and 0,8% in 2016 (previous estimate -0,6%). The new survey was carried out through a survey of a pool of 100 economists. On the other hand, the inflation forecast has been revised upwards which should prove to 9,34% this year versus an estimated 9,28% last week. For 2016, the consumer price index should increase by 5,70% against the +5,64% previously expected.
