Bras\u00edlia \u2013 The Brazilian Central Bank has reduced its economic growth estimate to 4% this year, due to macroprudential measures adopted to restrict access to credit, according to the Quarterly Inflation Report, disclosed this Wednesday (30th) by the institution.<\/p>\n
The previous estimate was that the Gross Domestic Product (GDP) would increase by 4.5% this year. The projection has been reduced further from the 5% forecasted by the minister of Finance, Guido Mantega.<\/p>\n
Compared with the report issued in December, projections of growth have dropped across all sectors of economy: industry (from 5.4% to 4.2%), trade (from 5% to 4.2%), services (from 4.2% to 3.8%) and agriculture (from 3.3% to 1.9%).<\/p>\n
As to the fiscal policy, the Central Bank report indicates that that the primary surplus target (savings to pay interest on the foreign debt) of 117.9 billion reals (US$ 71 billion), equivalent to 2.9% of the GDP in 2011, will be met, and admits that a primary surplus of 3.1% of the GDP may be recorded next year.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The Brazilian Central Bank has reduced its Brazilian economic growth estimate for this year from 4.5% to 4%.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-37683","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The Brazilian Central Bank has reduced its Brazilian economic growth estimate for this year from 4.5% to 4%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/37683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=37683"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/37683\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=37683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=37683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=37683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}