• Categories
  • Archives

Estimates for Brazil’s Growth and Investments Fall Sharply

The estimate by Brazil’s Applied Economic Research Institute (Ipea) for a rise of 5.3% in investments this year has been reduced to 0.9%.

A consequence of less investment is that the Ipea has also lowered its GDP growth forecast for 2005 from 3.5% to 2.3%.

This comes on the heels of the announcement of a drop of 1.2% in GDP growth in the third quarter.

"The new estimates reflect what happened in the third quarter when performance was much worse than expected," explained Fabio Giambiagi of Ipea.

The Ipea has also revised its GDP growth estimate for next year, lowering it from 4% to 3.4%.

The only Ipea forecast that continues to rise is for exports, where performance remains strong. In September the Ipea estimate was for an increase of 11%, which is now 11.9%.

ABr

Tags:

  • Show Comments (2)

  • Guest

    I beg to differ, guest 1. In fact those ealry prognosis are good for us to laugh about them at the end of 2006.

  • Guest

    Rise and Fall
    So what’s new?

    Gandra, waste your time in such obvious things?

    You’ve gotta have too much time in your hands.

    Just get back to work and avoid obvious subjects.

Your email address will not be published.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

Brazil: Rio Fears Sports Complex Won’t Be Ready for Pan-American Games

Despite construction delays at the sports complex that will be the headquarters of next ...

Ethanol-powered Plane Is Just One Item on Brazil Embraer’s Green Push

Embraer, Brazil's world-famous aircraft manufacturer, has established a board of directors aimed at expanding ...

Majority of Brazilians Oppose Lula’s Anti-Hunger Programs

For the first time, negative evaluations by the Brazilian population with regard to the ...

Brazil’s Internet Cozy Harbor for Its Almost 4 Million Expatriates

Itamaraty, the Brazilian Foreign Office announced Tuesday, June 9, the release of portal "Brasileiros ...

In Brazil’s Favelas Caveirí£o Took Place of Bogeyman

Since 2005, social movements, NGOs, community residents, families of the victims of police violence ...

Brazil Thanks Chile for Taking In Political Refugees During the Dictatorship

The inauguration of the new President of Chile, Michelle Bachelet, is a signal of ...

Brazil’s Lula Wants to Save President Obama from the Mean Washington Machine

Luiz Inácio Lula da Silva, the president of Brazil, says that he would like ...

Brazilian Opposition in Congress to Probe Vote-Buying Accusations Against Lula

Three Brazilian opposition parties – PDT, PPS, PV – started gathering signatures yesterday from ...

Stop Treating Brazil as a Colony in Need of Civilization Lessons!

Legend has it that, while surrounding Madrid with his troops during the Spanish Civil ...

Brazil Lula and US Obama Engage in Soccer Diplomacy

Brazilian President Luiz Inácio Lula da Silva and United States President Barack Obama took ...