The Brazilian Central Bank’s weekly survey shows that financial institutions expect a 1.47% growth for the Brazilian economy this year. Last week, the banks’ GDP forecast stood at 1.49%. The inflation forecast was revised up.
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Money sent from Brazil to other countries surpassed USD 1 billion in the year’s first half.
Financial institutions revised down their forecast for the Brazilian Central Government’s deficit.
Financial institutions polled by the Brazilian Central Bank kept unchanged their GDP growth forecast for the Brazilian economy in 2018 and 2019.
The country saw a USD 435 million surplus in June of this year.
Brazil’s economy was impacted in May by the supply crisis caused by truckers’ strike.
Dollar inflow surpassed outflow in Brazil last month. Year-to-date, there’s a forex surplus of USD 22.5 billion.
The United States currency closed at BRL 3.812 this Thursday, up 2.64% from the day before.
Estimates from financial market players regarding the economy this year slid from 2.37% to 2.18%.
For the third consecutive month, the country registered a current account surplus in April.
The North American currency had an appreciation of 0.61% over the real this Thursday. It was the currency’s fifth consecutive appreciation.
Primary deficit stood at BRL 25.135 billion (USD 7.36 billion), the worst result for the month in the Brazilian Central Bank’s historical series.
