Brasília – The financial market has revised down its estimate of how much Brazil’s Gross Domestic Product (GDP, the sum of all goods and services produced in the country) should shrink this year from 1.01% to 1.03%. The forecast is part of the Focus Bulletin, a poll of financial market analysts issued weekly by the Brazilian Central Bank. The forecast of a 2.5% decline in industrial production has stayed the same.
The current account deficit forecast remains at US$ 77 billion, with a US$ 4.3 billion trade surplus and US$ 56 billion in foreign direct investment. The Focus Bulletin portrays the financial market’s expectations regarding various indicators and is compiled on a weekly basis, from a poll of approximately 100 financial institutions. Results are issued on Mondays and concern the previous week.
*Translated by Gabriel Pomerancblum
