Brasília – Financial market analysts have reduced their forecast for growth of the Brazilian economy this year and have increased the 2014 estimate. The forecast for growth of Gross Domestic Product (GDP) was reduced from 3.1% to 3.09% in 2013, though it has grown from 3.6% to 3.65% next year. Forecasts are the result of a research by the Central Bank of Brazil and financial institutions.
The estimate for growth of industrial production dropped from 3.1% to 2.86% this year, and climbed from 3.5% to 3.75% in 2014. Last Friday (1), the Brazilian Institute for Geography and Statistics (IBGE) disclosed that Brazilian GDP growth had been 0.9% in 2012.
The forecast for the trade surplus (positive difference between exports and imports) dropped from US$ 15.2 billion to US$ 15 billion this year, and from US$ 15.6 billion to US$ 14.5 billion in 2014. Expected foreign direct investment was maintained at US$ 60 billion both in 2013 and in 2014.
*Translated by Mark Ament
