Analysts Upgrade Forecast for Brazil’s Surplus to US$ 38 Billion

The good performance in Brazilian exports in the beginning of the year has caused the first alteration in the forecasts by market annalists for the surplus in Brazil’s trade balance in 2006.

The previous forecast, which pointed to a surplus of US$ 37 billion in the year, was now corrected to US$ 38 billion.

This means that the country is likely to carry on exporting more products than importing. The estimate for a positive surplus of US$ 8 billion in the current account balance (sum of all commercial and financial transactions with the international market) has also been reinforced.

The analysts’ opinion on the trade balance was registered as of a research by the Central Bank of Brazil, released Monday, January 16, through the report Focus.

The study shows the financial health of the economy’s external sector. The same doesn’t happen in the internal market, where the estimated increase in industrial production in 2005 dropped a little more, from 3.15% to 3%.

The analysts interviewed by the Central Bank believe that the Gross Domestic Product (GDP), sum of all riches produced in the country in 2005, increased by about 2.4%. For 2006, the forecast for the GDP is still maintained at 3.5%.

Agência Brasil

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