Brasília – The projection of financial institutions for the growth of Brazil’s economy has been revised down slightly. The Gross Domestic Product (GDP) growth projection has dropped from 1.65% to 1.63%. Four weeks ago, the projection for 2014 was 1.70%. The estimate for 2015 has remained at 2% for eight straight weeks. The figures were culled from the weekly poll of financial institutions conducted by the Central Bank.
The industrial output growth estimate is up from 0.70% to 1.40%, this year, and remained at 2.95% for 2015. The trade surplus estimate (positive result for exports minus imports) has been revised from US$ 3 billion to US$ 3.02 billion in 2014, and remains at US$ 10 billion for next year.
The dollar-to-real exchange rate remains at R$ 2.45 for US$ 1, in 2014, and dropped from R$ 2.53 to R$ 2.51 for next year. Financial institutions are expecting foreign direct investment (funds invested into the country’s productive sector) to remain at US$ 60 billion this year and to amount to US$ 55 billion in 2015.
*Translated by Gabriel Pomerancblum
