• Categories
  • Archives

Brazil to Grow 3% or Less This Year, Say Experts

Brazil’s one hundred leading corporations and independent analysts estimate that the country’s growth this year will be in the range of 3% or lower, according to the latest report from the Central Bank.

However for 2007 the private sector expansion forecast remains at 3.5% even when the government is working on a 4% hypothesis.

Inflation is estimated in the range of 3% and 4.2% in 2007. The Central Bank target is 4.5% both in 2006 and 2007.

Money operators estimate that the Central Bank basic interest rate, currently at 14.25% will undergo monthly cuts reaching 13.5% by the end of 2006 and 12.5% by December 2007.

Brazil’s trade surplus for 2006 is estimated to reach 43.5 billion US dollars, up half a billion from the earlier estimate and similarly with the trade surplus for 2007: 36.55 billion, up from a previous estimate of 36 billion.

Meanwhile the Argentinean economy is supposed to grow over 8% this year. The sustained growth of the Argentine economy which is forecasted to range between 8.5 and 9% in 2006 is based on manufacturing, the building industry and agriculture, according to preliminary data to be released later this week by the Statistics and Census National Office. 

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Your email address will not be published.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

Brazil Confirms Its Santos Find Has Up to 4 Billion Barrels of Light Oil and Gas

Brazil's state-controlled oil and gas multinational Petrobras has just announced that the completion of ...

The Dream Is Dead. Most Brazilians No Longer Trust Lula.

Most Brazilians (52%) no longer trust their President Luiz Inácio Lula da Silva. A ...

Apocalypse Then

TV bombarded the air with catastrophic predictions dressed as news that ended by not ...

US and Sweden Sweeten Deal While Brazil Seems Prone to Buy French Fighter Jets

Brazilian President Luiz Inácio Lula da Silva and not Brazil’s Air Force will determine ...

Brazilian Worker Spends 57% of Minimum Wage on Food

Low-income workers in Brazil, especially those who earn a minimum wage, are now spending ...

US Research Center Uses Firegames to Study Amazon Rainforest

Fire is an important agent of transformation in the Amazon landscape. Every year, low ...

Smiles Rewards Program Shared by Brazil’s Varig and Gol Passengers

Starting October 16 customers flying on both Varig and Gol airlines will be able ...

Brazil: Children’s Rights Are Just a Legal Fiction

Some jurists regard Brazil’s constitutional and statutory protection as a model for the world ...

Tsunami Should Not Distract World from Haiti, says Brazil

“The most important ingredients for peace in Haiti are hope, confidence, and legitimacy,” the ...