Brasília – The Brazilian Ministry of Finance estimates an average growth of 5.7% for the Brazilian economy from now on. The rate should be maintained up until 2014. The figures were culled from the seventh edition of the publication Economia Brasileira em Perspectiva (Brazilian Economy in Perspective), issued today (10th).
The Brazilian economic growth estimate for 2010 has been maintained at 6.5%. The financial market estimates that the Gross Domestic Product (GDP) should increase by 7.12% this year, according to the Focus bulletin, issued by the Brazilian Central Bank and published yesterday (9th). The Central Bank’s inflation report, in turn, indicates growth of 7.3% in 2010.
According to the Finance Ministry’s report, the Brazilian economy has quickly resumed a cycle of growth, having grown by 2.7% in the first quarter of 2010 and by 11.4% in annual terms.
With regard to inflation, the Ministry of Finance has maintained its estimate of a 5.2% increase in the Extended Consumer Price Index (IPCA) in 2010. The market’s estimate, disclosed yesterday in the Focus bulletin, is 5.19%.
*Translated by Gabriel Pomerancblum
