Brasília – Brazilian financial market analysts have maintained their growth forecast for the Gross Domestic Product (GDP, the sum of all products and services produced in the country) at 1.54% this year. The estimate has been maintained for the third week in a row. The projection for 2013 has been at 4% for 13 weeks now. The figures were taken from the Focus report, released every Monday by the Central Bank.
The projection of decline in industrial output was revised from 2.10% to 2.31%. In 2013, output is expected to rebound and grow by 4.15%.
The exchange rate has been adjusted from R$ 2.01 to R$ 2.02 for US$ 1 this year, and kept at R$ 2.01 in 2013. The trade surplus (exports exceeding imports) forecast was changed from US$ 18.45 billion to US$ 18.2 billion for this year and kept at US$ 15 billion for 2013.
The estimate of foreign direct investment (funds invested in the country’s productive sector) was revised from US$ 59.68 billion to US$ 60 billion for this year, and kept at US$ 60 billion for 2013.
*Translated by Gabriel Pomerancblum
