São Paulo – Financial institutions polled by the Brazilian Central Bank have lowered their economic growth projections for 2014 and 2015. The Gross Domestic Product (GDP) growth estimate is down from 1.65% last week to 1.63% this week. The GDP growth estimate for 2015 has also been revised down, from 2% to 1.915. The projections are released on a weekly Central Bank poll covering the main economic indicators.
The industrial output growth estimate has dropped from 1.40% to 1.21% for this year and remains at 2.65% for 2015. The trade surplus forecast (positive result for exports minus imports) is down from US$ 3.02 billion to US$ 3 billion, in 2014, and remains at US$ 10 billion for 2015. Financial institutions believe foreign direct investment will amount to US$ 60 billion this year and US$ 55 billion in 2015.
*Translated by Gabriel Pomerancblum