Brasília – Financial sector analysts approached by the Central Bank of Brazil have reduced their growth forecast for the Brazilian economy – Gross Domestic Product (GDP) – from 3.23% to 3.2%. For 2013, the forecast has been maintained at 4.3%.
Expectations for growth in industrial production rose from 1.92% to 1.94% in 2012 and have been maintained at 3.95% next year.
The forecast for the ration between public sector net debt and GDP dropped from 36.1% to 36% this year and from 34.7% to 34.6% in 2013.
Expectations for the exchange rate between the Brazilian real and the dollar has been increased from R$ 1.81 for every US$ 1 to R$ 1.85, in the estimate both for late 2012 and for next year. The forecast for the trade surplus (positive difference between exports and imports) was maintained at US$ 19.22 billion this year and increased from US$ 14.7 billion to US$ 14.9 billion in 2013.
*Translated by Mark Ament
