Brazil economy likely to grow 3pc in 2018: BNDES

Published: November 22, 2017 13:19:09 | Updated: November 24, 2017 12:03:28


The Brazilian economy is likely to grow more than 3.0 percent in 2018, perhaps even near 4.0 per cent, the head of Brazilian state development bank BNDES, Paulo Rabello de Castro, said.

This suggests he is more bullish than private-sector economists, whose median estimate clocked in at 2.51 per cent in a central bank survey published on Monday, reports Reuters.

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