São Paulo – The Focus Bulletin released this Monday (9th) by the Brazilian Central Bank points out that financial institutions have revised up the Brazilian Gross Domestic Product (GDP) growth estimate for this year. The poll is conducted with over 100 financial institutions operating in the country. According to their estimates, Brazil’s GDP will be up 2.35% this year. The previous estimate was 2.32%.<\/p>\n
According to the Focus Bulletin, financial sector businessmen expect a slight decline in inflation: from 5.83% to 5.82% in the Broad Consumer Price Index (IPCA, in the Portuguese acronym), i.e. the official measure of inflation in the country. <\/p>\n
Next year, the financial market is expecting the GDP to grow less and inflation to increase. According to the poll, prices should be up 5.85% and the country’s economy should be up 2.28% from 2013. The prior forecast was 2.3%. Foreign direct investment is expected to amount to US% 60 billion in 2013 and another US$ 60 billion in 2014.<\/p>\n
The Focus Bulletin has also shown that financial institutions are expecting the US dollar to be selling for R$ 2.36 in 2013 and R$ 2.40 in 2014. This Monday, the US dollar was selling for R$ 2.279 by closing time, down 1.14% from Friday (6th). It is the lowest exchange rate for the American currency in a month. <\/p>\n
*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The Focus Bulletin, compiled by the Brazilian Central Bank based on a poll of financial institutions, is expecting the country\u2019s economy to grow by 2.35% this year. The prior estimate was 2.32%.<\/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-45823","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The Focus Bulletin, compiled by the Brazilian Central Bank based on a poll of financial institutions, is expecting the country\u2019s economy to grow by 2.35% this year. The prior estimate was 2.32%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/45823","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=45823"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/45823\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=45823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=45823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=45823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}