RIO DE JANEIRO, June 28 -- Brazil's Central Bank reduced its economic growth projection on Thursday, revising the country's 2.6 percent GDP growth expectation down to 1.6 percent.
According to the Central Bank's report, the reduction is associated with "the cooling of economic activity at the start of this year."
The new projection follows the same line taken by the Brazilian government and the country's financial market.
The government recently reduced its GDP expansion forecast down to 2.5 percent from 2.97, while the markets on Monday lowered their projection for the seventh week running. Now set at 1.55 percent, the estimation has almost halved from the 3 percent predicted in January.
The reduction in growth was accompanied by the increase in the Central Bank's inflation projection. Blamed on the national truck drivers' strike at the end of May, which caused food shortages around the country, projected inflation has risen from 3.8 percent to 4.2 for this year. However, the year 2019's rate was reduced from 4.1 to 3.7 percent.
The announcement comes only a few days after the renowned Brazilian think tank and educational institution, the Getulio Vargas Foundation, published a report detailing the 4.8 point drop in consumer confidence in June from May in the country.
The foundation suggested that negative perceptions about the job market added to the destabilization caused by May's strike.
Brazilian growth forecasts have been reduced in the last few months following a slower than expected recovery following the economic crisis of 2017 and 2016. The crisis saw the country's GDP drop 7 points and led to unemployment rates of 13.6 percent.
Costa咖啡要拒绝未成年人?买咖啡需要身份证?
2018年12月英语六级作文答案:试卷三 职责与兴趣(文都教育版
国内英语资讯:China-Qatar visa exemption agreement to take effect later this month
日本千万套房产免费送,但还是有人不想要?
你身上的这10个秘密,狗狗能看出来
中国将在明年取代美国 成为全球最大时尚市场
国内英语资讯:Chinas private companies, self-employed households flourish in past 40 years
《复联4》首支预告片终于来了!网友私信NASA替钢铁侠求救
国内英语资讯:China, France to strengthen financial regulatory cooperation
国内英语资讯:Top political advisor congratulates Guangxi on 60th anniversary
求婚成功后戒指掉入排水沟?真是求婚灾难现场!
国内英语资讯:Xi reiterates Chinas adherence to multilateralism, opening-up
国内英语资讯:China refutes U.S. officials smearing remarks on China-Africa cooperation
H&M推出中性服装,皮夹克太帅了!
国内英语资讯:China makes headway in pushing water conservancy projects
国内英语资讯:Chinese vice president attends 2018 Imperial Springs International Forum
调查显示 千禧一代会为了亚马逊放弃酒精和性爱
大龄单身女性赴美冻卵,是“后悔药”还是“饮鸩止渴”?
国内英语资讯:China encourages mechanized agriculture with new measures
国内英语资讯:Winners decided for Chinas 2018 national science and technology awards
大雪纷飞 破解关于雪最常见的3条流言
国内英语资讯:Xi underlines continuous reform on national supervisory system
国内英语资讯:Chinas top political advisor visits people in Guangxi
亚马逊要开一家自动商店,拿走就会自动扣款!
你的思维决定了你幸福与否
研究发现 分享社交媒体密码的伴侣感情会更好
苹果手机被禁止在华销售!全是美国人自己作妖
国内英语资讯:Xi stresses human rights development in Chinese context
2018年最火的旅游城市:香港再登榜首 曼谷第二
国内英语资讯:China, Germany pledge to jointly protect free trade, world order