Central Bank keeps estimated growth at 2.4% in 2019

Brazil’s Central Bank kept its forecast for the growth of the country’s economy in 2019. The estimated gross domestic product stood at 2.4 percent, according to official figures.

The projection is said to be based on the continuous overhauls and adjustments in the Brazilian economy, “especially of a fiscal nature,” the institute reported.

The estimates for agriculture and livestock in 2019 were preserved at 2 and 2.9 percent, respectively. A slight increase was reported for trade and services, from 2 to 2.1 percent.

For 2018, the predicted GDP growth slipped from 1.4 to 1.3 percent. The change is believed to reflect results from the third quarter of the year, the revision in the current time series, and sector statistics available for the fourth quarter.