Agricultural GDP is expected to grow 1.5% in 2018 and 2% in 2019, according to the estimates of the quarterly inflation report for the second quarter, released on Thursday (27) by the Central Bank (BC). For the country’s total GDP, the CB predicts a rise of 1.4% in 2018 and 2.4% in 2019.
The BC projections contrast somewhat with the forecasts of the Charter of Conjuntura Number 40 also released on Thursday (27) by the Institute of Applied Economic Research (Ipea).
For agricultural GDP, the IPEA estimates a decrease of 0.5% in 2018 and an increase of 3.6% in 2019. With regard to the total GDP of the country, the IPEA projects a rise of 1.6% this year and 2,9% in 2019.
This text was translated by machine from Brazilian Portuguese.