Brasília – The National Confederation of Industries (CNI) expects growth of 0.9% in Brazil’s Gross Domestic Product (GDP) – the sum of all goods produced in the country in 2012. For 2013, the projection by the confederation is that the economy should grow 4%.
The estimated expansion in industrial GDP is -0.6% this year. For 2013, expectations are for growth of 4.1%. To the CNI, the realisation of these estimates depends on reduction of production cost and on the growth of productivity.
Exchange rates have been estimated at R$ 2.06 in late 2012 and at R$ 2.07 in late 2013. In the case of exports, CNI projections for this year are US$ 244.6 billion and, for 2013, US$ 258.3 billion. Imports should grow from US$ 224.9 billion to US$ 240.2 billion in the same comparison. With this, the Brazilian trade balance surplus should drop US$ 19.7 billion, in 2012, to US$ 18.1 billion in late 2013.
*Translated by Mark Ament
