Brasília – After having remained stable for five weeks, the growth estimate for the Brazilian economy this year has been revised down slightly by financial institutions. The estimated growth of the Gross Domestic Product (GDP), i.e. the sum of all goods and services produced in the country, has gone from 3% to 2.98%. The projection for 2014 has remained at 3.5%, for ten weeks now.
The estimated industrial production growth is down from 2.53% to 2.50%, this year, and from 3.55% to 3.50%, in 2014.
The trade surplus estimate (exports minus imports) has been maintained at US$ 9.05 billion in 2013 and revised from US$ 10.2 billion to US$ 10 billion next year. The projection for the current account transaction deficit (purchase and sale of goods between Brazil and foreign countries) has been changed from US$ 70.05 billion to US$ 70.9 billion this year and from US$ 74.8 billion to US$ 75.5 billion in 2014.
The expected foreign direct investment (funds invested into the country’s productive sector) has been maintained at US$ 60 billion for both 2013 and 2014.
*Translated by Gabriel Pomerancblum
