Brasília – Financial institutions researched by the Central Bank of Brazil (BC) have reduced the forecasted growth for the Brazilian economy in 2014. The estimate for expansion of Gross Domestic Product (GDP), the added goods and services produced by the country, dropped from 2.20% to 2.13%. For this year, the estimate remains at 2.5%. The projected expansion of industrial production dropped from 1.84% to 1.80% this year, and from 2.50% to 2.39% in 2014.
The estimate for the trade surplus, the positive balance between exports minus imports, dropped from US$ 2 billion to US$ 1.97 billion this year, and was adjusted from US$ 8.2 billion to US$ 8.5 billion in 2014. Expected foreign direct investment (funds to the productive sector in the country) were maintained at US$ 60 billion both for 2013 and for next year.
*Translated by Mark Ament
