Forecasts for Brazil: 2.5% Growth, 5% Inflation, Dollar at 2.25 Reais

Americanas, Brazilian store The Brazilian financial market, in its first survey this year, confirmed most of the forecasts made last week concerning the Brazilian economy. The Focus bulletin, released every Monday by the Central Bank of Brazil, has maintained the inflation rate expected for 2009 at 5%, measured according to the Broad Consumer Price Index (IPCA).

The Consumer Price Index (IPC), however, which is measured by the Economic Research Institute Foundation (Fipe), should decrease to 4.72% this year, as against the 4.77% forecast that had been estimated over the last four weeks.

The dollar should remain equivalent to 2.25 reais (Brazilian currency) in 2009 and the benchmark interest rate (Selic) should end the year at 12%, according to analysts at the country's leading financial institutions, surveyed by the Central Bank.

The economy should grow 2.4% this year, as against a forecast of 2.44% made last Monday. Industrial production should rise 2.7% this year, as against 2.9% forecasted a week ago.

Foreign investment in the country this year should rise from US$ 21.5 billion, forecasted last week, to US$ 23 billion. With regard to the balance of trade, according to analysts, exports should grow by US$ 23 billion in 2009, as against a forecasted increase of US$ 21.5 billion, as estimated last week.



  • Show Comments (2)

  • falupa

    Brazilian Growth
    The economic growth right now has been quite stagnant, especially for the Americas. Compared to recently, Brazil has had a very slow growth rate. To be honest I don’t think that they will reach 2.5% this year. The U.S. economy might reach negative growth in recent months.

  • ch.c.

    just ask Mantega. He knows better. He and His gang still predict 4 % growth !

Your email address will not be published.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.


You May Also Like

Multinational Syngenta to Use New Technology to Grow Sugar Cane in Brazil

Switzerland-based Syngenta announced that it is developing a new technology to dramatically improve the ...

Businessmen Excited About Brazí­l’s Arab Summit

Commercial opportunities seem to be one of the main attractions for delegations arriving in ...

Brazilian Bishops Urge Lula to Reconsider River Transposition

The vice president of Brazil, José Alencar, and the National Conference of Bishops of ...

More than US$ 3 Million in Fines on Illegal Loggers in Brazil’s Amazon

Operation Uiraçu, carried out by the Brazilian Institute of Environment and Renewable Natural Resources ...

Brazil’s Giant Petrobras Gets Another Piece of Argentina

The Executive Director of Petrobras Argentina, Alberto Guimarães, said that Petrobras is awaiting authorization ...

The Grass is Greener on Brazil’s Side

Tumucumaque Park is 568,000 acres larger than Slonga National Park in the Democratic Republic ...

Brazil Expecting GDP Growth of 6% at Least in 2010

Brazil’s Central Bank reports that at the moment economic activity in Brazil is running ...

In Brazil, Maternal Mortality Still 74 for 100,000 Births

The high rate of maternal mortality in Brazil is of concern to the World ...

Brazil Ready to Push Its Fruit on US, China and the Arab World

Conducted by the Brazilian Export and Investment Promotion Agency (Apex), the Brazilian Fruit Institute ...

Brazil Again World’s Top Beef Exporter with Over US$ 3 Billion in Earnings

Brazil’s beef exports in 2005 should surpass US$ 3 billion, according to the president ...