• Categories
  • Archives

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

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Your email address will not be published.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

Huge hole on Brazilian road

By Car, Air or Foot, Brazilians Can’t Escape Chaos and Crime

Brazil is dissolving like an ice cream exposed to the sun. The public authority’s ...

85% of Businessmen in Brazil Betting They’ll Make More Money This Year

Brazilian businessmen are more optimistic for 2010 regarding their revenues. That’s what the Serasa ...

MST invades a farm in Pernambuco, Brazil

Brazilian Police Arrest Gunmen Hired to Kill Landless Leader

The Municipal Police of Aliança of Pernambuco state's Northern Zona da Mata, in Brazil, ...

Carnaval Capers

Over 40,000 members of the security forces are patrolling the streets of Rio this ...

Less than 3% of Brazil’s 180,000 Public Schools Have a Computer

Approximately 100 parliamentarians of over 20 countries participated this Monday, June 6, in the ...

Without Ports, Brazil’s Exports Are Going Nowhere Fast

In less than two decades, Brazilian agricultural production has grown an incredible 111%, reaching ...

A Little Taste of Brazil in Sounds, Witticisms and Prayers

Before bossa nova, there was baião. This contagious rhythm from the Northeast of Brazil ...

Argentina, Brazil and Venezuela Discuss Integrating Their Armies

Brazil, Argentina, and Venezuela resolved to step up efforts to integrate their supply chains ...

For IMF, Brazil’s 51.5% Debt/GDP Ratio is Too High

The ratio between Brazil’s debt and its Gross Domestic Product (GDP), the total wealth ...

By Contract Bolivia Can Only Raise Gas Prices Every 5 Years, Says Brazil’s Lula

Speaking to the Brazilian people on his weekly radio program, Breakfast with the President, ...