Experts Say Brazil Won’t Grow More than 4.1% This Year

A Brazilian company in Diadema, São Paulo state Brazilian financial institutions heard for the Focus Bulletin research, made by Brazil's Central Bank, believe that Brazil's economy should grow below the 4.5% target established by the government in its Growth Acceleration Program (PAC).

According to the just-released report, the Gross Domestic Product (GDP, the sum of all the riches produced in the country) will end 2007 with a 4.1% growth. The previous week the research had shown the same numbers. And for three weeks in a row now the forecast for 2008 is for a 4% growth in the GDP.

According to these analysts, the industrial production will grow 4% in 2007 and 4.4% next year.

In their evaluation, the overvalued dollar in relation to the real will not jeopardize exports. The experts are betting that the trade balance will end the year with a US$ 40 billion surplus. This amount is US$ 10 million less than the US$ 40,01 billion shown in the preceding survey.

Projections for the American dollar keep on falling. Analysts believe that the dollar will close 2007 at 2.05 reais – just one cent less than last week's forecast. For the end of 2008, the estimate changed from 2.13 reais to 2.12 reais.

The Focus Bulletin also pointed out that direct foreign investment, which produces jobs, is growing.  Forecasts for this year increased from US$ 18.3 billion to US$ 19.45 billion when the last two researches are compared.

ABr

Tags:

Ads

You May Also Like

Brazil’s Barbacoa Barbecue Wants to Expand Overseas Its Brand of Restaurant

The Brazilian Barbacoa group is going to put into practice a plan for expansion ...

Women’s Hands Are All Over Brazil’s Booming Agribusiness

In Rondonópolis, in the interior of Mato Grosso state, in Brazil, a woman called ...

Brazil Greenlights Transgenics and Stem Cell Research

Brazil’s Chamber of Deputies ended the controversy over the cultivation of genetically modified seeds ...

WHO Uses Brazil Expertise to Fight Smoking Worldwide

Brazil will contribute its experience with tobacco control programs to the World Health Organization’s ...

Activists Urge Brazil to Stop Killing of Amazon Dolphins

Activists from the Friends of the Manatee Association (Ampa) have placed a 12-meter-tall inflatable ...

Brazil Makes Its Case to Saudis that Brazilian Agribusiness Is Good for Them

Brazil's Ministry of Agriculture, Livestock and Supply is going to promote a seminar on ...

Nuclear Center in Brazil’s Northeast Will Make Radioactive Drugs

Brazilian President Luiz Inácio Lula da Silva inaugurated the Regional Center of Nuclear Sciences ...

Lula Is Ahead in the Polls. This Time Around Brazilian Markets Cheer.

Latin American stocks advanced, with Brazilian shares getting a boost from robust local retail ...

Five-Star Jail

Under Brazil’s quaint penal code, criminals and suspected criminals with a higher education qualification ...

Brazilian Faucet Maker Wants to Expand Its Overseas Reach

Company Docol, from the southern Brazilian state of Santa Catarina, one of the main ...