Brasília – Financial market analysts consulted by the Central Bank of Brazil have raised their projection of economic growth for this year.
According to the Focus bulletin, published on a weekly basis by the Central Bank, the estimated growth of the gross domestic product, which is the sum of all goods and services produced in the country, has been revised up from 5.45% to 5.50%. For 2011, the growth expectation of 4.5% has been maintained.
As for the growth of industrial production this year, the estimate has gone from 8.74% to 8.79%. Next year, the analysts are expecting growth of 5%, same as in the previous forecast.
The projection of net public debt-to-GDP ratio has been maintained at 41.50%, this year, and revised down from 39.80% to 39.60%, in 2011.
The trade surplus forecast (positive result for exports minus imports) has remained at US$ 10 billion for this year, and US$ 2.5 billion for 2011.
Regarding the deficit in current transactions (the sum of purchase and sale transactions of goods and services with foreign countries), the estimate for this year has been revised from US$ 51 billion to US$ 50 billion. For 2011, analysts have maintained their projection of US$ 60 billion.
The expected foreign direct investment (funds allocated to the country’s industry) has been maintained at US$ 38 billion in 2010, and US$ 40 billion in 2011.
*Translated by Gabriel Pomerancblum