Brasília – Analysts of financial institutions approached by the Central Bank of Brazil have slightly increased their estimates for growth of the Brazilian economy this year and have reduced the forecast for 2014.
Projected growth of Gross Domestic Product (GDP) was increased from 3.08% to 3.1% in 2013, and dropped from 3.65% to 3.6% next year.
The estimate for expansion of industrial production rose from 3% to 3.1% this year and has been maintained at 3.5% in 2014.
Expected exchange rates dropped, and the estimate which was for each dollar to be traded at R$ 2.02 at the end of this year fell to R$ 2, though it has been maintained at R$ 2.05 for late 2014.
The forecast for the trade surplus (the positive difference between exports minus imports) has been maintained at US$ 15.2 billion this year, and at US$ 15.6 billion in 2014.
The estimate for foreign direct investment (funds turned to the productive sector in the country) has been maintained at US$ 60 billion both for 2013 and for next year.
*Translated by Mark Ament
