• Categories
  • Archives

Financial Experts Get More Bullish and See Brazil’s GDP Growing 5.47% in 2010

Brazil industryBrazilian Analysts from the financial market have elevated the growth forecast for the Brazilian economy this year. According to the Focus report, disclosed this Wednesday, February 16, by Brazil’s Central Bank (BC), the estimate for expansion of the Gross Domestic Product (GDP) has been raised from 5.35% to 5.47%.

For 2011, the expectation has been maintained at 4.5%.

For the growth of industrial production, this year the estimate has dropped from 8.61% to 8.55%. In 2011, analysts expect expansion of 4.85%, the same as previously forecasted.

The expected public sector net debt and GDP ratio has risen from 41.70% to 41.95%, this year, and dropped from 40.70% to 40.50% for 2011.

The trade balance surplus estimate for this year has been maintained at US$ 10 billion, and has risen from US$ 3.750 billion to US$ 5 billion in 2011.

For the current account transaction deficit, the estimate has been raised from US$ 48 billion to US$ 50.050 billion this year. In 2011, analysts expect a negative result of US$ 57.810 billion, against the US$ 58.990 billion forecasted in the previous Focus bulletin.

The expectation for foreign direct investment (funds turned to the productive sector in the country) was maintained at US$ 38 billion, in 2010, and at US$ 40 billion in 2011.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazilian President Uses Swearword Talking about the Poor

Brazilian president Luiz Inácio Lula da Silva used a four-letter word during a speech ...

US Media Is Brazil’s Business

Why should Brazil care about cartelization and the end of diversity in the U.S. ...

US Accused of Unjustly Taxing Brazilian and Latin American Crews

In a press conference in Washington today, AITAL, the Latin American Airline Association, deeply ...

Brazilian Senate Urged to Approve Global Anti-Tobacco Accord

The Brazilian Clinical Oncology Society (SBOC), the São Paulo regional chapter of the SBOC, ...

Brazil and Neighbors Sign Fresh Water Pact

Brazil took an important step to ensure the preservation and the quality of fresh ...

For Chavez the Fight Now Is With the Brazilian Senate

The Brazilian House of Representatives approved the incorporation of Venezuela to the South American ...

Paranaguí¡ Wishes to Be Brazil’s Number 1 Meat Exporter

Paranaguá port, in the southern Brazilian state of Paraná, wants to become Brazil's leading ...

Brazil Provides Consulting to Cabo Verde University

The Coordinating Office for the Training of University Personnel (Capes) of Brazil’s Ministry of ...

Lula Calls on Ahmadinejad to Respect Diversity and Stop Financing Extremists

Brazilian president Luiz Inácio Lula da Silva called today, November 23, on his Iranian ...

TAP Brings Half a Billion Dollars to Save Brazil’s Ailing Varig Airlines

Fernando Pinto, president of the Portuguese airline, TAP, reiterated Tuesday, November 8, his company’s ...