IMF Sees Brazil Growth Rebounding in 2018 on Easing Uncertainty

The International Monetary Fund nudged up its 2018 growth outlook for Brazil as fading political uncertainty, easing monetary policy and progress on the government’s economic reform agenda help foster a gradual recovery.

Brazil will grow 1.7 percent next year, compared with a January forecast of 1.5 percent, the IMF said in its World Economic Outlook published Tuesday. The fund is more pessimistic than all but four of 31 analysts surveyed by Bloomberg, whose median forecast is 2.2 percent.

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