Free Trial

Economist Survey Revises 2021 GDP Lower, Year-End Selic Higher

BRAZIL
  • The Brazilian Real retreated 2% on Friday as political noise came firmly back into focus. Authorisation from a judge to the Senate to commence an investigation into government negligence and inaccuracies during the pandemic, soured sentiment with the DI swaps curve shifting roughly 15 basis points higher.
  • Focus this week will be on tomorrow's retail sales report for February.
  • In the latest Brazil survey released this morning:
    • Brazil economists forecast 3.08% 2021 GDP; prior 3.17%
    • Brazil economists see 5.25% 2021 year-end Selic; prior 5%

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.