São Paulo – Yesterday (21st), the International Monetary Fund (IMF) announced its projection of economic growth for Brazil: 5.5%. The figure was disclosed prior to the annual meetings of the IMF and the World Bank, due next weekend in Washington, United States, and is higher than the projection announced in January, which was 4.7%.
The Brazilian economy declined by 0.2% last year and grew 5.1% in 2008, according to data supplied by the IMF. In January, the institution forecasted growth of 3.7% for the Brazilian GDP in 2011. The estimate has also been revised upwards to 4.1%. Domestic consumption and investment by private companies should drive growth, according to the IMF’s report.
The economic expansion of Brazil should be greater than the rate of growth of the world economy, which should be 4.2% in 2010, according to the organization. This estimate has also increased, up from 3.9% in January.
*Translated by Gabriel Pomerancblum
