Brasília – This Monday (14), analysts of the financial market again lowered their estimation inflation number as measured by the Extended National Consumer Price Index (IPCA). The new forecast calls for an inflation of 7.46% in 2016 over the 7.59% previously estimated. For 2017, the estimation remains at 6%, according to the Focus Bulletin, which is released weekly, always on Monday, by the Brazilian Central Bank (BC), and is based in forecasts by financial institutions on the main economic indicators.
The financial institutions’ estimation for the fall of the economy this year worsened again and went from 3.50% to 3.54%. For 2017, the estimation for the growth of the Gross Domestic Product (GDP), the sum of all wealth produced by the country, remained at 0.50%. For the industrial production, the estimation calls for a decline of 4.45% in 2016.
The forecasts on the deficit of current accounts, one of the main indicators of Brazil’s transactions with other countries, improved and went from USD 29.26 billion to USD 24.10 billion, with the trade balance on a surplus of USD 41.20 billion. There weren’t any changes at the forecast for foreign direct investments, which remained at USD 55 billion.
*Translated by Sérgio Kakitani
