Brasília – The projection of financial market analysts for growth of the economy for this year has been raised from 7.54% to 7.61%. The estimate for expansion of the Gross Domestic Product (GDP) is in the Focus Bulletin, disclosed every Monday by the Central Bank of Brazil.
Last Thursday (9), the Brazilian Institute for Geography and Statistics (IBGE) informed that the GDP grew 0.5% in the third quarter of this year, as against the previous quarter. In the second quarter, the growth had been 1.8%. In comparison with the same period last year, expansion in the third quarter was 6.7%. The accumulated GDP for the year had growth of 8.4% over the first three quarters of 2009. In the accumulated result for 12 months, the economy has grown 7.5%.
For 2011, the projection of analysts for expansion of GDP remains at 4.5%. Apart from the GDP estimate, the Central Bank research reduced the forecast for industrial growth, from 10.70% to 10.67% this year, and increased it from 5.30% to 5.35% in 2011.
The projection for relations between private sector net dept and GDP was adjusted from 40.50% to 40.60%, in 2010, and from 39.50% to 39.55% in 2011. Expectations for dollar exchange rates dropped from 1.71 Brazilian real to the dollar to 1.70 at the end of this year, being maintained at 1.75 real for the end of 2011.
The forecast for the trade surplus (difference between exports and imports) dropped from US$ 16.24 billion to US$ 16.1 billion this year, and remained at US$ 8 billion in 2011.
For the deficit in current account transactions this year (including products and sales by Brazil abroad), the estimate has been maintained at US$ 50 billion. For 2011, projections by the deficit rose from US$ 68.8 billion to US$ 69.05 billion.
Expectations for foreign direct investment remained at US$ 30 billion this year. For 2011, projections have been adjusted from US$ 37.5 billion to US$ 38 billion.
*Translated by Mark Ament
