Forecasts for Brazil: 2.5% Growth, 5% Inflation, Dollar at 2.25 Reais

Americanas, Brazilian store The Brazilian financial market, in its first survey this year, confirmed most of the forecasts made last week concerning the Brazilian economy. The Focus bulletin, released every Monday by the Central Bank of Brazil, has maintained the inflation rate expected for 2009 at 5%, measured according to the Broad Consumer Price Index (IPCA).

The Consumer Price Index (IPC), however, which is measured by the Economic Research Institute Foundation (Fipe), should decrease to 4.72% this year, as against the 4.77% forecast that had been estimated over the last four weeks.

The dollar should remain equivalent to 2.25 reais (Brazilian currency) in 2009 and the benchmark interest rate (Selic) should end the year at 12%, according to analysts at the country's leading financial institutions, surveyed by the Central Bank.

The economy should grow 2.4% this year, as against a forecast of 2.44% made last Monday. Industrial production should rise 2.7% this year, as against 2.9% forecasted a week ago.

Foreign investment in the country this year should rise from US$ 21.5 billion, forecasted last week, to US$ 23 billion. With regard to the balance of trade, according to analysts, exports should grow by US$ 23 billion in 2009, as against a forecasted increase of US$ 21.5 billion, as estimated last week.

ABr

Tags:

You May Also Like

Brazil’s Lula Loses Some of His Moral Luster

One of the great dangers in following Brazilian politics is that you can become ...

Prostitution: Brazil Justice Sees No Crime in Occasional Sex with Minor

Brazil's Superior Justice Tribunal, an appellate court, in Mato Grosso do Sul state, after ...

With 18 Million Over 60, Brazil Is No Longer the Land of the Youth

The 17.6 million inhabitants over 60 ranks Brazil eighth worldwide in senior-citizen population the ...

Brazil’s Family Voucher Needs to Find New Ways to Stay Alive

Bolsa Família (Family Voucher) is the Brazilian president Luiz Inácio Lula da Silva administration’s ...

Only the Best

In a display of excellent shape the Brazilian Chamber of Books has announced its ...

Bird Flu Hasn’t Slowed Down Brazil’s Food Giant Sadia

Sadia, Brazil’s most famous food brand and a leader in the sectors it is ...

Brazilian Vale Buys Mines from Rio Tinto in Canada, Argentina, Brazil

Rio Tinto Group, an Anglo-Australian company, is selling mining assets in Argentina, Brazil and ...

Brazil’s Brahma Beer Invades 15 Countries

InBev, the world’s largest brewer by volume, announced today the global launch of Brazilian ...

Brazil Wants Its Share of Indian Riches

The Brazilian government wants mining to cease on Indian lands. For this purpose, it ...

Brazilians Seem Optimistic About Their Economy But Fear Inflation

Brazilian consumers’ Confidence Index as indicated by the latest Getúlio Vargas Foundation data shows ...