Bras\u00edlia \u2013 The National Confederation of Industry (CNI) has dropped its forecast for growth of the Gross Domestic Product (GDP) of Brazil this year from 3% to 2.1%. The figure is part of the Conjectural Information for the second quarter, which reduced expectations regarding the economy of Brazil in 2012. The GDP projection has also been reviewed, from 2% to 1.6%.<\/p>\n
The estimated inflation measured by the Broad Consumer Price Index (IPCA) was maintained at 5% this year, while the projected nominal interest rate for late 2012 dropped from 9% to 7.5%. The real interest rate, discounting inflation, measured by the IPCA, should remain at 3.3%, in the CNI estimate, as against a prior 4%.<\/p>\n
According to CNI, the forecast for the public nominal deficit as against GDP dropped from 2.45% to 2.4% and that of the primary surplus of the public sector dropped from 2.75% to 2.5%. The projected public sector net debt dropped from 36% to 35.1% of GDP.<\/p>\n
The CNI also forecasts a nominal exchange rate of R$ 2 per American dollar by the end of the year, with a trade balance surplus dropping from US$ 20.8 billion to US$ 20.2 billion. The projection for the current account deficit has also dropped, from US$ 58 billion to US$ 56 billion.<\/p>\n
*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The National Confederation of Industry believes that the Gross Domestic Product (GDP) of Brazil should grow 2.1% this year. The prior projection was 3%.<\/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-41992","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The National Confederation of Industry believes that the Gross Domestic Product (GDP) of Brazil should grow 2.1% this year. The prior projection was 3%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/41992","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=41992"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/41992\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=41992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=41992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=41992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}