Brasília – The projection by financial institutions for the growth of the country economy is still dropping. According to the Central Bank’s weekly research with the financial sector, the estimate for expansion of the Gross Domestic Product (GDP) this year fell for the seventh time running: it dropped from 2.46% to 2.40%. For 2014, there has also been retraction, for the second week running, from 3.1% to 3%. On the 27th, the Central Bank reduced its growth forecast for the economy this year from 3.1% to 2.7%.
The estimate for expansion of industrial production oscillated from 2.56% to 2.49% this year and from 3.1% to 3.2% in 2014. The projection of financial institutions for the ration between public sector net debt and GDP continues at 35%, both for this year and for 2014.
The forecast of financial institutions for the trade surplus (positive difference between exports minus imports) dropped from US$ 6.5 billion to US$ 6 billion in 2013 and from US$ 8 billion to US$ 7.35 billion in 2014. Expectations for foreign direct investment (funds turned to the productive sector) have been maintained at US$ 60 billion both for 2013 and for next year.
*Translated by Mark Ament
