Bras\u00edlia \u2013 The Brazilian government has revised its growth projection for the Gross Domestic Product (GDP) this year downwards from 5% to 4.5% and raised the inflation estimate based on the Broad Consumer Price Index (IPCA, in the Portuguese acronym) from 5% to 5.7%. The new projections were culled from the second bimonthly government assessment report on revenues and spending, disclosed by the Ministry of Planning.<\/p>\n
The report shows that the government raised the General Price Index \u2013 Domestic Availability (IGP-DI) from 6.28% to 7.01%.The IGP-DI is the reference for readjusting rents and state-controlled prices such as electric power and telephony.<\/p>\n
The fiscal reinforcement disclosed in the assessments of February and March has been maintained at 50.1 billion reals (US$ 30.9 billion) in relation to the total spending volume approved by the National Congress for 2011.<\/p>\n
The government technicians have also lowered the average exchange rate estimate from 1.70 to 1.61 real (US$ 1.05 to US$ 1.00). The projection of growth in the total wages paid has gone from 10.96% to 11.71%. The minimum wage used in the calculation is the current one, of 545 reals (US$ 337).<\/p>\n
The ministry also considered a higher oil price. The average oil barrel price estimate has gone from US$ 98.34 to US$ 103.31.<\/p>\n
The average benchmark interest rate (Selic) projection has gone from 11.58% a year to 11.74%.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
A report from the Ministry of Planning has reduced the Brazilian economic growth projection for this year from 5% to 4.5%. The inflation estimate, however, has increased.<\/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-38171","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"A report from the Ministry of Planning has reduced the Brazilian economic growth projection for this year from 5% to 4.5%. The inflation estimate, however, has increased.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/38171","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=38171"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/38171\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=38171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=38171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=38171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}