U.N. Agency Forecasts 0.4 Percent GDP Growth for Brazil in 2017

ECLAC pointed out the need for macroeconomic policies to enable long-term growth and the need to increase public revenues as well as public investments.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL - The Gross Domestic Product (GDP) in Brazil will grow by 0.4 percent this year, according to forecasts by the Economic Commission for Latin America and the Caribbean (ECLAC). The United Nations agency estimates an average GDP growth of 1.1 percent in 2017 for the entire region.

ECLAC pointed out the need for macroeconomic policies to enable long-term growth and to promote structural changes in the region's economy. For the agency, it is also important to increase public revenues as well as public Subscribe to our Premium Membership Plan. Already Subscribed?