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

    Brazil industry

    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    Your email address will not be published.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

    Ford Counts on Brazil to Help Cure Its US Ills

    The presidency of vehicle factory Ford announced, after a meeting with Brazilian President Luiz ...

    Women’s Ecumenical Meeting in Brazil Urges End to Violence

    No more violence! Portuguese-speaking women are hoping that this cry will be heard at ...

    Dress by Márcia Ganem

    Haute Couture Made in Brazil from Recycled Fiber

    Brazilian designer Márcia Ganem's differential of clothing  lies in her techniques for using recycled ...

    Brazil and taxation

    Brazil Taxes as the UK and Delivers as a Banana Republic

    During a recent speech at the CDES – the Brazilian Social and Economic Development ...

    Only 1/3 of Brazil’s 1.6 Million Maids Have Working Papers. 30% Earn Less than Minimum

    All day, every day, from Monday through Saturday, fixing meals, cleaning house, washing and ...

    After 4 Deaths, Prison Warden Taken as Hostage by Brazilian Inmates

    A prison riot in Brazil’s remote Amazon jungle state of Rondônia has left four ...

    Lula Urges Confidence for Brazil to Get New Markets

    Beginning in June, typical Brazilian items, such as coffee and thongs, will be sold ...

    Brazil's Natura

    Brazil Takes Leading Role in Sustainability Among Emergents

    The Road to Credibility report, launched this Tuesday, December 9, in São Paulo, Brazil, ...

    Brazil Announces Discovery of Huge Oil Fields Off Rio’s Coast

    Brazilian oil giant Petrobras announced Tuesday, December 27, the discovery of a giant oil ...

    Brazil Offers Job Training for Poor Women

    Brazil’s First Social Consortium of Youth (Consórcio Social da Juventude), which will train and ...