Brasília – After seven weeks running of reduction in estimates for growth of the Brazilian GDP, the projection of financial market institutions for growth of the economy – Gross Domestic Product (GDP) – this year has been maintained at 1.57%. This information is included in the Focus bulletin, a weekly publication by the Central Bank of Brazil (BC) developed based on the main economic indices. For 2013, the estimate has been maintained at 4%.
For industrial production, the estimated retraction this year dropped from 1.92% to 1.82%. For 2013, expectations are for recovery, with estimated growth maintained at 4.25%. The projection for the ratio between the public sector’s net debt and GDP remains at 35.5%, this year, and climbed from 34% to 34.15% in 2013.
Expectations for dollar rates both for the end of this year and for the end of 2013 continue at R$ 2 per dollar. The forecast for the trade surplus (positive balance between exports minus imports) was adjusted from US$ 18 billion to US$ 18.04 billion this year, and from US$ 14.4 billion to US$ 14.48 billion in 2013.
*Translated by Mark Ament
