Brasília – The finance market has increased expectations for growth of the country’s economy in 2013. According to the Central Bank’s Focus Bulletin, investors and analysts have expanded expectations for growth of the Gross Domestic Product (GDP), all goods and services produced in the country, from 2.40% to 2.47%. Despite this forecast, industrial production should grow just 1.7%, as against an estimate of 1.92% in the previous forecast.
Another important figure is the expected reduction in public sector net debt deficit. The financial market is already admitting a deficit of 34.5% in GDP production against the 34.7% of the prior estimate.
In the remaining indices, the market has maintained the forecasts of previous reports, with inflation estimated at 5.82% in the Broad Consumer Price Index (IPCA), the exchange rate in late 2013 is expected to be at each dollar being sold for R$ 2.30 and the benchmark interest rate is estimated to be at 9.75% a year, also for late in the period. Managed prices are also expected to increase by 1.8%, according to market estimates.
*Translated by Mark Ament
