Brasília – Financial institutions polled by the Brazilian Central Bank are expecting the economy to grow by a slightly lower rate this year. The growth estimate for the Gross Domestic Product (GDP), i.e. the sum of all goods and services produced in the country, has dropped from 1.70% to 1.68%. For 2015, the estimate has remained at 2% for two weeks now. The projections are part of the Central Bank’s weekly poll of financial institutions concerning the leading economic indicators.
The industrial output growth estimate has dropped from 1.80% to 1.57% this year and from 3% to 2.95% in 2015. The trade surplus forecast (exports minus imports) is down from US$ 7 billion to US$ 6.36 billion in 2014 and has been kept at US$ 10 billion for next year. Foreign direct investment (funds invested into the country’s productive sector) projections have been maintained at US$ 58 billion for this year and at US$ 55 billion for 2015.
*Translated by Gabriel Pomerancblum
