Brasília – The projection of finance market analysts for growth of the economy of Brazil this year is maintained, for the second week running, at 7.6%, according to the Central Bank. The estimate is included in the Focus Bulletin, which brings together the estimates of analysts for the main indices of the economy.
For 2011, the projection for growth of the Gross Domestic Product (GDP) has been maintained at 4.5%. This estimate has remained stable for 49 weeks.
Apart from the estimate for GDP, the Focus Bulletin includes the expectation for expansion of industrial production, which fell from 11.12% to 11.07% this year, and remains at 5.25% for 2011.
The forecast for the ratio between public sector net debt and GDP was adjusted from 40.89% to 40.55% in 2010, and from 39.64% to 39.60% in 2011. Expectations for exchange rates at the end of this year have been maintained at one dollar being sold for 1.70 Brazilian real, at the end of 2011, the estimate has dropped from 1.77 real to 1.75 real.
The forecast for the trade surplus (the positive difference between imports and exports) has not been altered, remaining at US$ 16 billion this year and US$ 8 billion in 2011.
For the current account transaction deficit (transactions for purchase and sales of goods and services by Brazil on the foreign market) this year, estimates remain at US$ 50 billion. For 2011, the projected deficit rose from US$ 64.75 billion to US$ 68 billion.
Expectations for foreign direct investment (funds turned to the productive sector in the country) remain at US$ 30 billion, this year. For 2011, projections have been adjusted from US$ 37.5 billion to US$ 37 billion.
*Translated by Mark Ament
