Brasília – Finance market analysts approached by the Bank of Brazil and inquired about their estimates for growth of the Brazilian economy – Gross Domestic Product (GDP) – this year and in 2013 have become a little more optimistic. For 2012, the forecasted growth has grown from 3.27% to 3.3%. For 2013, the forecast has risen from 4.15% to 4.2%.
Expected industrial growth this year has risen from 3% to 2.79%, and has been maintained at 4% in 2013. Projections for the ratio between public sector net debt and GDP was maintained at 36.95% this year, and reduced to 35.8% in 2013.
Expectation for the exchange rate between the dollar and the Brazilian real dropped from R$ 1.8 per dollar to R$ 1.75. For 2013, the estimate remains at R$ 1.75.
The trade surplus forecast (greater exports than imports) dropped from US$ 19.8 billion to US$ 19.5 billion, in 2012, and from US$ 15 billion to US$ 14.5 billion next year. Expectations for foreign direct investment (funds turned to the productive sector in the country) were maintained at US$ 55 billion this year and next.
*Translated by Mark Ament
