Brasília – Finance market analysts approached by the Central Bank of Brazil have maintained forecasts for growth of the economy. Estimates for expansion of Gross Domestic Product (GDP) were maintained at 7.61% this year, and 4.5% in 2011.
The information was included in the Focus bulletin, a weekly publication by the Central Bank of Brazil that is based on the estimates of finance market analysts for the main economic indices.
Expectations for expansion of industrial production were adjusted from 10.67% to 10.66% this year and from 5.35% to 5.40% for 2011. Projections for the ratio between public sector net debt and GDP rose from 40.60% to 40.88% in 2010 and remained at 39.55% in 2011.
Expectations for exchange rates are for one dollar to cost 1.70 Brazilian reals at the end of this year and 1.75 reals in late 2011.
The forecast for the exchange surplus (exports minus imports) rose from US$ 16.1 billion to US$ 16.4 billion this year, and have been maintained at US$ 8 billion in 2011.
For the deficit in current account transactions (the Brazilian purchase and sale of goods and services on the international market), the estimate was maintained at US$ 50 billion this year and at US$ 69.05 billion in 2011.
Expectations for foreign direct investment (funds turned to the productive sector) rose from US$ 30 billion to US$ 32 billion this year. For 2011, the projection has been adjusted from US$ 38 billion to US$ 38.5 billion.
*Translated by Mark Ament
