• Categories
  • Archives

Brazil Expects Foreign Investments to Fall US$ 10 Billion in 2009

Dollar and euro Brazil's estimated trade surplus (positive balance of exports less imports) for 2008 has been revised from US$ 23.78 billion down to US$ 23.6 billion. For 2009, the projection has risen from US$ 13.32 billion to US$ 13.71 billion.

Analysts have maintained their projection of a US$ 30 billion current account deficit (all transactions between Brazil and foreign countries) for 2008, and revised it from US$ 31.65 billion to US$ 30.03 billion for next year.

The projection concerning foreign direct investment (capital that enters the productive sector of the economy, generating employment and income) was maintained at US$ 35 billion, for 2008, and US$ 25 billion for 2009.

As for the basic interest rate (Selic), estimates were maintained for both the end of 2008 (13.75%) and 2009 (13.31%). The last meeting of the Monetary Policy Committee (Copom), which sets the Selic, will be held in December, so analysts are not expecting any further increases in the basic interest rate.

Concerning the growth of the Gross Domestic Product (GDP), analysts have adjusted the projection for this year from 5.23% to 5.24% and maintained the rate at 3% for 2009. The expected growth of industrial projection this year has been reduced from 5.80% down to 5.78%. In 2009, analysts expect a 3% increase, as against 3.16% in the previous estimate.

For this year, analysts' are projecting that the Brazilian net public debt should be equivalent to 39% of the GDP, as against a previous estimate of 39.04%. The estimate for 2009 has been maintained at 38%. The lowest the debt-to-GDP ratio, the greater the confidence of investors in the country's ability to meet its obligations.

The figures were disclosed in the Focus bulletin, a publication based on weekly surveys conducted by the Central Bank among market analysts concerning the main economic indicators.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

In prosperity Finland Is 1st. US 9th, Brazil 41st, Zimbabwe Last

In South America Brazil loses to Uruguay, Chile, Costa Rica and Argentina when the ...

Soybean Farmers in Brazil Promised They Will Sow Oil

Brazilian oil company Petrobras, plans on starting the industrial scale production of the H-Bio ...

Brazil Is Coming to (New York) Town

This December, when the temperature outside is a balmy ten degrees, New Yorkers will ...

Unicef Donates to Stop Deaths of Brazilian Indian Kids

The United Nations Children’s Fund (Unicef) announced the donation of US$ 100 thousand for ...

Brazil’s Super Gisele Against the Amazon Wreckers

A campaign to protect the Amazon’s Xingu River from deforestation and pollution has a ...

More is Less

When created in 1940 by President Getúlio Vargas, the Brazilian minimum wage had considerably ...

Brazil’s Labor Minister Says Goal Is to Get 1.8 Million New Jobs in 2006

Over 1.8 million formal jobs were created in 2004, in Brazil, according to just-released ...

Half of Brazilians Are Now Middle Class, But 40% Are Still Very Poor

The middle class in Brazil has grown since 2003 when Brazilian President Luiz Inácio ...

Swiss multinational Syngenta

A Brazilian Peasant Group Goes to War Against Swiss Multinational Syngenta

March 14 marked the one-year anniversary of the Via Campesina’s non-violent occupation of Syngenta ...

Brazilian Exporters Abandon Dollar in Favor of Euro

The euro is presenting itself as an alternative for Brazilian exporters when faced with ...