Brasília – Financial analysts and investors estimate that Brazil’s economy will contract by 2.26% this year, as per the Focus Bulletin, the weekly poll conducted by the Central Bank and released this Monday (31st). Last week’s forecast was of a 2.06% drop in the Gross Domestic Product (GDP).<\/p>\n
Last Friday (28th), the Brazilian Institute of Geography and Statistics (IBGE) issued its report on quarter two GDP performance. There was a 1.9% decline over the first quarter of the year. <\/p>\n
The Focus Bulletin shows an expected 5.57% drop in industrial production. Inflation is believed to reach 9.28%, against 9.29% according to last week’s projections. Government-administered prices are expected to be up 15.20%. <\/p>\n
The net public sector debt-to-GDP ratio forecast was notched up from 36.15% last week to 36.20% on this one. The benchmark interest rate estimate has been kept at 14.25%. By the end of the year, the US dollar is expected to be worth R$ 3.50.<\/p>\n
Regarding the country’s external accounts, the poll shows an expected current account deficit of US$ 76.5 billion. The trade surplus forecast is US$ 8 billion, with foreign direct investment at US$ 65 billion.<\/p>\n
*With information from the ANBA Newsroom. Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The Focus Bulletin poll shows an expectation of 2.26% shrinkage for the Brazilian economy this year. Last week, the estimate was of a 2.06% decline.<\/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-51925","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The Focus Bulletin poll shows an expectation of 2.26% shrinkage for the Brazilian economy this year. Last week, the estimate was of a 2.06% decline.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/51925","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=51925"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/51925\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=51925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=51925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=51925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}