Brasília – Finance market analysts approached by the Central Bank of Brazil have maintained the estimate for growth of the economy of Brazil this year. Projections for expansion of the Gross Domestic Product (GDP), the sum of goods and services produced in the country, are at 7.55%. For 2011, expectations remain at 4.5%, for 46 weeks running, according to the Focus Bulletin, disclosed on Mondays by the Central Bank.
Expectations for growth of industrial production this year dropped from 11.30% to 11.27%. For 2011, the forecast has been maintained at 5.20%.
The projection for the ratio between the public sector’s net debt and the GDP was adjusted from 40.94% to 40.89%, in 2010, and from 39.67% to 39.64%, in 2011.
Expectations are for one dollar to be exchanged for 1.70 Brazilian real in 2010, and in 2011, the estimate has dropped from 1.80 Brazilian reals to R$ 1.79.
The forecast for the trade balance surplus (the positive balance between exports and imports) rose from US$ 15.85 billion to US$ 16 billion this year, and was maintained at US$ 9 billion in 2011.
For the deficit of current account transactions (purchases and sales of products and services by Brazil on the foreign market), the estimate has remained at US$ 50 billion this year, rising from US$ 62 billion to US$ 63.25 billion in 2011.
Expectations for foreign direct investment (funds turned to the productive sector in the country) remain at US$ 30 billion this year and have dropped from US$ 38 billion to US$ 36 billion in 2011.
*Translated by Mark Ament
