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

Brazilian 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