Brasília – Financial market analysts consulted by the Central Bank of Brazil have lowered their expectation of economic growth this year for the second week in a row. The estimated growth of the Gross Domestic Product (GDP) has declined slightly from 3.95% to 3.94%. For 2012, the projection remains at 4.10%.
The expected growth in industrial production this year has also dropped, from 3.44% to 3.34%. In 2012, the estimate remains at 4.50%.
The projection of net public debt-to-GDP ratio has been revised from 39.18% to 39.26%, in 2011, and maintained at 38%, in 2012.
The expected real-to-dollar ratio remains at 1.60:1, for late 2011, and has been lowered from 1.70:1 to 1.69:1 by the end of next year. The trade surplus forecast (positive result for exports minus imports) has been revised downward from US$ 20.05 billion to US$ 20 billion, this year, and remains at US$ 10.1 billion, in 2012.
As for the current account deficit (purchase and sale transactions for goods and services between Brazil and foreign countries), the estimate has been lowered from US$ 60 billion to US$ 59.75 billion, in 2011, and maintained at US$ 70 billion for next year.
The expected foreign direct investment (funds allocated to the country’s production sector) has been adjusted from US$ 51.85 billion to US$ 52 billion, this year, and from US$ 46 billion to US$ 45 billion, in 2012.
*Translated by Gabriel Pomerancblum
