Analysts Revise Brazil’s GDP Growth 14th Week in a Row, to Over 7%

Brazilian industry Brazilian financial analysts have revised their economic growth projection for this year upwards for the 14th week running. Experts surveyed by the Brazilian Central Bank believe that the rate of growth of the Gross Domestic Product (GDP), i.e. the sum of all goods and services produced in the country, has increased from 6.99% to 7.06%.

The expected growth rate for 2011 was maintained at 4.5%. The information was culled from the Focus bulletin, a weekly publication containing financial analysts’ projections of the main economic indicators. Regarding industrial output, the projections have been maintained at 11.32% this year and 5% in 2011.

The estimate of net public debt-to-GDP ratio has gone from 41.20% to 41%, this year, and from 39.85% to 39.70%, in 2011. The dollar-to-real ratio was maintained at 1.80 real for one dollar this year. For 2011, the estimate has gone from 1.86 real to 1.89 real for one dollar.

The trade surplus forecast (positive result for exports minus imports) for this year was revised upwards from US$ 15 billion to US$ 15.10 billion. Next year, analysts are expecting a trade surplus of US$ 6 billion, as against a previous projection of US$ 6.23 billion.

Analysts have revised their estimate of deficit on current account transactions (goods and services purchase and sale transactions between Brazil and foreign countries) for this year from US$ 48.20 billion to US$ 47.57 billion. For 2011, the projection has been revised upwards from US$ 57.40 billion to US$ 57.99 billion.

The estimated foreign direct investment (funds allocated to the country’s productive sector) dropped from US$ 36 billion to US$ 35 billion in 2010, and remained at US$ 40 billion in 2011.

ABr

Tags:

You May Also Like

Payback Time in Brazil: Friends Get Cabinet Post

March 15th was the 20th anniversary of Brazil’s latest experiment with democracy. For the ...

Congressman and Soccer Star Romario Says Brazil’s Won’t Stage Best World Cup in History

Brazil soccer star Romario, who is now a congressman, told reporters  FIFA must not ...

Brazil’s Fruit Exports Jump 10% to 851 Tons

Brazil’s fruit producers reached the end of 2004 with record exports worth US$ 370 ...

From US$ 1.3 Trillion Global Pie Brazil Gets US$ 16 Bi, the US US$ 177 Bi

The flow of foreign direct investment (FDI) to Latin America and the Caribbean, reached ...

Marking Time

Yes, there are prosperous and even rich Brazilian blacks. And they are not just ...

Brazil Decries UN’s ‘Democracy Deficit’

The Security Council suffers from a “democracy deficit” and needs to include more permanent ...

Rio Still Fears More Casualties and Mudslides, After Over 70 Deaths

Brazilian Colonel José Paulo Miranda, an officer in the Rio de Janeiro state Fire ...

Brazilian Chicken Exports Grow 20%

Brazilian chicken exports amounted to 231,871 tons in March, for revenues of US$ 256.8 ...

Brazil Hosts BioFach, LatAm’s Largest Organic Fair

Cosmetics, powdered chocolate and various novelties in the form of processed organic products, as ...

Brazil’s Buffalo Breeders Want to Serve You Some Different Milk for Breakfast

Brazil’s Association of Livestock Breeders and Dairy Producers of Vale do Ribeira (Proleite) want ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`