São Paulo – Brazil’s Gross Domestic Product (GDP) should contract by 0.78% this year and inflation should be at 7.93% by the end of 2015, as per financial market forecasts issued this Monday (16th) in the Focus Bulletin, a weekly poll of financial institutions conducted by the Brazilian Central Bank. The report shows that investors and analysts are more pessimistic than last week regarding Brazil’s economy. <\/p>\n
Last week, the Focus Bulletin GDP contraction forecast was 0.66% and inflation was expected to be 7.77%. In case the market’s forecast proves true, inflation will close the year above the government’s target range, whose midpoint is 4.5% allowing for two percentage points up or down.<\/p>\n
Now, in addition to the indicators above, expectations have also worsened concerning the trade balance and foreign direct investment (FDI). Last week, investors expected exports to exceed imports by US$ 4 billion. Now, the surplus forecast is down to US$ 3 billion. The FDI inflow forecast has dropped from US$ 60 billion to US$ 57.5 billion.<\/p>\n
*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" As per a Central Bank poll of financial institutions, the economy is expected to contract by 0.78% in 2015. The inflation rate estimate is also higher than previously expected.<\/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-50495","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"As per a Central Bank poll of financial institutions, the economy is expected to contract by 0.78% in 2015. The inflation rate estimate is also higher than previously expected.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/50495","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=50495"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/50495\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=50495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=50495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=50495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}