S\u00e3o Paulo \u2013 This Tuesday (18th), the Brazilian Central Bank released a new projection of net foreign direct investment (FDI) inflow for the country this year. According to the government news agency Ag\u00eancia Brasil<\/i>, the bank informed that FDI should reach US$ 63 billion in 2012, i.e. 2.78% of the Gross Domestic Product (GDP). The previous forecast, released in September, was US$ 60 billion.<\/p>\n
From January through November, net FDI inflow reached US$ 59.9 billion, slightly down from the US$ 60 billion figure recorded last year. It is worth noting that FDI in Brazil reached an all-time high in 2011, at US$ 66.7 billion.<\/p>\n
Last month alone, Brazil saw US$ 4.6 billion worth of FDI, up from US$ 4 billion in November last year, but down from US$ 7.7 billion in October this year.<\/p>\n
FDI inflow from January to November was more than enough to cover the country\u2019s current account deficit, which stood at US$ 45.8 billion in the same period. In November alone, however, Brazil\u2019s current transaction deficit reached US$ 6.3 billion, less than FDI inflow in that same month. <\/p>\n
However, the Central Bank has lowered its 2012 current transaction deficit estimate from US$ 53 billion to US$ 52.5 billion, a figure equivalent to 2.32% of the Gross Domestic Product (GDP).<\/p>\n
According to Ag\u00eancia Brasil<\/i>, the director of the Central Bank\u2019s Economic Department, Tulio Maciel, said the country is in a \u201cvery favourable\u201d situation with regard to financing the foreign account deficit, because of the volume of FDI inflow.<\/p>\n
In 2013, the bank forecasts a US$ 65 billion deficit and an equal FDI inflow, which should amount to 2.74% of the GDP.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The Brazilian institution increased its 2012 foreign direct investment inflow projection from US$ 60 bn to US$ 63 bn. The amount is more than enough to finance the current account deficit.<\/p>\n","protected":false},"author":2316,"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-43440","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The Brazilian institution increased its 2012 foreign direct investment inflow projection from US$ 60 bn to US$ 63 bn. The amount is more than enough to finance the current account deficit.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/43440","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\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=43440"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/43440\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=43440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=43440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=43440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}