Brasília – The forecast of financial institutions for growth of the Brazilian economy this year has dropped for the tenth week running. According to the Central Bank of Brazil’s weekly research (BC) with the financial sector, the estimate for expansion of Gross Domestic Product (GDP) dropped from 2.31% to 2.28% this time. For 2014, there was also a reduction, of 2.80% to 2.60%.
The estimate for expansion of industrial production climbed from 2.23% to 2.10% this year and 3% in 2014. Expectations for dollar to Brazilian real exchange rates climbed from R$ 2.20 to R$ 2.24 for every dollar late this year, and remained at R$ 2.30 for late 2014.
The forecast by financial institutions for the trade surplus (the positive difference between exports and imports) dropped from US$ 6 billion to US$ 5.85 billion this year, and has been maintained at US$ 8 billion for 2014.
Expectation for foreign direct investment (funds turned to the productive sector in the country) were maintained at US$ 60 billion both for 2013 and for next year.
*Translated by Mark Ament
