Agência Brasil*
Brasília – Specialists in the financial market have started believing in better results in the economy and have made some corrections to their forecasts. According to the Focus Bulletin, disclosed today (28) by the Brazilian Central Bank (BC), the average expectation of hundreds of market analysts heard last Friday (25) is that Brazilian industrial production should grow 4.19% this year, and not 4.07% as forecasted in the previous week.
They also corrected their forecasts for Gross Domestic Product (GDP) growth, which is the total of production in the country, and estimated that it will grow 4.16% in the year, against a forecast of 4.10% in the previous research. The expectation of analysts was also revised up with regard to the trade balance surplus. The forecast last week had been for a trade balance surplus of US$ 41.10 billion in the year, and was altered up to US$ 42 billion.
The BC study maintained its expectations of US$ 20 billion in foreign direct investment (FDI) in the productive sector. The analysts also forecast that the benchmark interest rate (Selic), currently at 12.50% a year, will drop to 12% at the next Monetary Policy Committee (Copom) meeting, to take place next week (June 5 and 6), and may reach 10.75% this year, dropping to 10% next year.
*Translated by Mark Ament
