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:

Ads

You May Also Like

Accusations Are Pure Fantasy Says Brazil’s Finance Minister

"There was no money from Cuba in President Lula’s campaign," the Brazilian Minister of ...

Brazil Wants Fair Profit for Biodiverse Areas

Brazil’s Minister of Environment, Marina Silva, on January 21, emphasized the importance of a ...

Ciao, Bradesco. Brazil’s Largest Private Bank Is Now Called Itaíº

With assets reaching US$ 93.283 billion (201.261 billion reais) Itaú has become Brazil’s number ...

History, Diamonds and Gold

The morning moved on at that neoclassic apartment, with active exchange of wine bottles, ...

com.br

The number of Internet users in Brazil has surpassed the 1 million mark and ...

Floating Exchange Rate Is Here to Stay, Says Brazilian President

Nelson Barbosa, the executive secretary of Brazil’s Ministry of Finances, speaking at a seminar ...

Promises Not Kept

It didn’t take long. The PT is in crisis having failed in its role ...

With the FTAA Everyone Wins, Says Bush in Brazil

In his final address in Brazil, in the Brazilian capital BrasÀ­lia, the President of ...

Brazil’s BNDES Lends to Paper and Drug Sectors

Brazil’s National Economic and Social Development Bank (BNDES) will provide 30% of the funding ...

The Princess Goes to Rio’s City of God

Bonds deepen between the Princess and the attentive angels, for despite the fact that ...