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Non-Tech : The Brazil Board
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To: aknahow who wrote (1699)1/23/2018 11:49:57 AM
From: elmatador1 Recommendation

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Brazil expects to see upwards of 3 percent gross domestic product (GDP) growth in 2018, Brazilian Finance Minister Henrique Meirelles told CNBC Tuesday, a figure that flies in the face of the International Monetary Fund's (IMF) forecast of 1.5 percent.

Speaking at the World Economic Forum in Davos, the head policymaker for Latin America's largest economy explained why he thought the IMF's forecast was wrong.

The numbers have been revised every day, or every week, or every month by the IMF in general," the finance minister said. "The market has moved steadily up, around 2.85 today. In our case we have been leading the market last year, we have this forecast that is going to happen, which is about 1.1 percent for 2017, and we think this year it's going be around 3 percent or higher."

https://www.cnbc.com/2018/01/23/brazil-believes-its-growth-rate-will-be-double-the-imfs-forecast.html
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