[uam_ad id="317182"]

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – In the first Focus Report of 2016, released by Brazil’s Central Bank on Monday, economists increased this year’s inflation forecast from 6.86 percent to 6.87 percent and now believe that the contraction in the country’s GDP will also be greater, going from 3.70 percent to 3.71 percent. For 2015, the Focus Report shows inflation should close at 10.72 percent, the highest index since 2002.

Economists surveyed for the Subscribe to our Premium Membership Plan. Already Subscribed?