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:

  • 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Your email address will not be published.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

Don’t Expect Lighter Taxes Soon, Says Brazil

Brazil’s Minister of Finance, Antônio Palocci, told a meeting of the Council of Economic ...

12,000 Landless Marchers at the Door of Brasí­lia, Brazil

Twelve thousand Brazilian workers left the city of Goiânia on May 2 for the ...

Brazil Triples Output of Research Papers

The number of science and engineering papers published by Brazilian researchers in leading international ...

Brazil’s Proposal of Mercosur Fund for Business Ready for Launching

The Fund for Small and Medium Companies of the Mercosur, proposed by Brazil, should ...

Ecologists Condemn Venezuela-Brazil Gas Pipeline as Risky and Eco- Unfriendly

Experts and ministers from Venezuela, Brazil and Argentina met Wednesday and Thursday, March 1st ...

Brazil’s Lula Starts to Throw His Weight Around

President Luiz Inácio Lula da Silva’s statement that the financial crisis had been caused ...

Brazil Closer to Get Its US$ 100 Linux Laptop

The US$ 100 laptop prototype (about 240 reais) was presented this Wednesday, November 16, ...

Palestine Aks Brazil to Pressure Israel

Two Arab officials asked, during the summit for South American and Arab countries that ...

Aedes aegypti, the mosquito that transmits dengue

A Nasty Season of Dengue in Brazil, Argentina and Paraguay

In southern Brazil an estimated 45.000 cases of dengue have been announced. Argentina, on ...

In France, This Whole Year, Brazil Is the Word

In 1985 France began a series of Cultural Seasons (“Saisons Culturelles”) which honored foreign ...