Brasília – The projection of financial institutions for growth of the economy has been adjusted down. According to the Central Bank of Brazil’s monthly research (BC), the estimate for expansion of the Gross Domestic Product (GDP), the sum of all the country’s production of goods and services, dropped 2.28% to 2.24%, this year. For 2014, the forecast was maintained at 2.60%.
The estimate for expansion of industrial production fell from 2.10% to 2% in 2013 and was maintained at 3% in 2014. The estimate for financial institutions for the trade surplus (positive difference between exports and imports) fell from US$ 5.7 billion to US$ 5.09 billion for this year and from US$ 8.92 billion to US$ 8 billion in 2014.
For the deficit in current account transactions (Brazil’s purchase and sales of goods and services abroad), the estimate climbed from US$ 76.15 billion to US$ 76.3 billion in 2013 and from US$ 79.5 billion to US$ US$ 80 billion in 2014. Expectations for foreign direct investment were maintained at US$ 60 billion both for 2013 and for next year.
*Translated by Mark Ament
