Rio de Janeiro – Investment in the Brazilian economy should grow around 26% from 2014 to 2017, in comparison with the four years immediately before. The figures are part of the 2014-2017 Perspective for Investment in Brazil research, disclosed on Monday (21) by the Brazilian Development Bank (BNDES). Companies operating in the country should invest R$ 3.98 trillion starting next year and up to 2017. The investment in the economy from 2009 to 2012 was approximately R$ 3.15 trillion.
According to the chief economist at the BNDES, Fernando Pimentel Puga, after a drop in participation in Gross Domestic Product (GDP), from 19.1% to 18.1% between 2011 and 2012, influenced by the global financial crisis, the trajectory of growth of investment should be returned. “We notice a great performance over these nine months of the year – 18.9% [of investment]. This year, we will have growth twice to three times greater than GDP,” he said, on defending that the international scenery will be more benign and that private credit will return in coming years.
Puga pointed out investment in industry, which should exceed R$ 1.1 trillion, with growth of 24.3% over investment in the four previous years. The economist added that the oil and gas sector should lead in industrial investment, with a forecasted R$ 458 billion for the 2014-2017 four year period, as against R$ 311 billion in the previous four years.
*Translated by Mark Ament
