Brasília – Financial market analysts consulted by the Brazilian Central Bank have raised their projection of growth in the Gross Domestic Product (GDP) from 4.21% to 4.25%, in 2012. The estimate for this year remains at 4%.
According to the Central Bank’s Focus bulletin, disclosed this Monday (2nd), the expected growth of industrial production has gone from 4.06% to 4.04% in 2011 and from 4.65% to 4.58% in 2012.
The net public debt-to-GDP ratio projection has been adjusted from 39.26% to 39.23%, in 2011, and maintained at 38% for next year.
The Brazilian currency equivalent of one dollar as of late 2011 has dropped from 1.65 real to 1.62 real. For the end of 2012, the projection remains at 1.70 real. The forecasted trade surplus (positive result for exports minus imports) has been revised from US$ 18 billion to US$ 18.05 billion, this year and from US$ 10.05 billion to US$ 10 billion in 2012.
Regarding the current account deficit (goods and services purchase and sale transactions between Brazil and foreign countries), the estimate has gone from US$ 60.5 billion to US$ 60 billion in 2011, and from US$ 69.1 billion to US$ 69.5 billion next year.
The foreign direct investment (funds allocated to the country’s productive sector) expectation has been revised from US$ 45 billion to US$ 46 billion this year, and maintained at US$ 45 billion for 2012.
*Translated by Gabriel Pomerancblum
