Brasília – The projection of financial institutions for Brazilian economic growth this year has dropped from 2.50% to 2.35%. According to the monthly poll conducted by the Central Bank in the financial market, the growth estimate for the Gross Domestic Product (GDP), i.e. the sum of all goods and services produced in the country, has also been revised down for 2014, from 2.11% to 2.10%. The industrial output growth estimate has been revised from 1.69% to 1.63% for this year and from 2.50% to 2.25% for 2014.
The trade surplus expected by financial institutions (exports exceeding imports) is down from US$ 1.3 billion to US$ 1.25 billion this year and down from US$ 7.85 billion to US$ 7.45 billion in 2014.
The current account deficit estimate (goods and services purchase and sale transactions with other countries) has been revised from US$ 79.85 billion to US$ 80 billion this year and from US$ 71.8 billion to US$ 72.35 billion in 2014. The foreign direct investment estimate (funds invested in the country’s productive sector) has been maintained at US$ 60 billion in both 2013 and 2014.
*Translated by Gabriel Pomerancblum
