Brasília – Financial analysts and investors have revised down their economic growth expectation, after raising their forecast seven days ago. The new estimate is 0.27%, as against last week’s 0.28%. The figures are part of the Focus Bulletin issued this Monday (20th) by the Brazilian Central Bank.<\/p>\n
According to the analysts polled, inflation should end the year at 6.45%, i.e. close to the top end of the government’s target range, which is 6.5%. The benchmark interest rate (aka Selic rate) is expected be 11% per annum, same as the current rate. The dollar is expected to cost 2.40 Brazilian reais. Government-influenced prices such as energy bills are expected to be up 5.15% this year. <\/p>\n
Analysts and investors have once again revised up their net debt-to-GDP ratio forecast, to 35.1%. Pessimism has also increased regarding industry growth, expected to be -2.24%.<\/p>\n
The financial market’s outlook for the foreign sector is not bright either. The expected current account deficit, one of the major economic indicators, has gone from US$ 80 billion to US$ 81 billion, and Brazil’s trade surplus forecast has been lowered to US$ 2.29 billion, from US$ 2.44 billion in the prior forecast. The foreign direct investment forecast has been kept at US$ 60 billion for 2014.<\/p>\n
*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The Brazilian Central Bank\u2019s Focus Bulletin contains a growth estimate of 0.27% for the country\u2019s economy this year; last week, the forecast was 0.28%.<\/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-49270","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The Brazilian Central Bank\u2019s Focus Bulletin contains a growth estimate of 0.27% for the country\u2019s economy this year; last week, the forecast was 0.28%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/49270","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=49270"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/49270\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=49270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=49270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=49270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}