Brasília – The expectation of financial market analysts approached by the Central Bank (BC) for the growth of the economy – Gross Domestic Product (GDP) – this year has been reduced from 3.01% to 3%. For 2014, the forecast has been maintained at 3.5%.
Expected growth of industrial production was altered from 3.12% to 3%, this year, and from 3.95% to 3.85% in 2014. The forecast for public sector net debt to GDP ratio was maintained at 34.5% this year, and climbed from 33.10% to 33.63% in 2014.
The exchange rate forecast has remained at R$ 2 per US dollar by late 2013, and at R$ 2.05 by late next year. The forecast for the trade surplus (positive balance between exports minus imports) was adjusted from US$ 12.4 billion to US$ 11 billion this year, and from US$ 12.65 billion to US$ 12 billion this year. Expectations for foreign direct investment (funds turned to the productive sector in the country) were maintained at US$ 60 billion this year and in 2014.
*Translated by Mark Ament
