• Categories
  • Archives

Brazil to Grow 3% or Less This Year, Say Experts

Brazil’s one hundred leading corporations and independent analysts estimate that the country’s growth this year will be in the range of 3% or lower, according to the latest report from the Central Bank.

However for 2007 the private sector expansion forecast remains at 3.5% even when the government is working on a 4% hypothesis.

Inflation is estimated in the range of 3% and 4.2% in 2007. The Central Bank target is 4.5% both in 2006 and 2007.

Money operators estimate that the Central Bank basic interest rate, currently at 14.25% will undergo monthly cuts reaching 13.5% by the end of 2006 and 12.5% by December 2007.

Brazil’s trade surplus for 2006 is estimated to reach 43.5 billion US dollars, up half a billion from the earlier estimate and similarly with the trade surplus for 2007: 36.55 billion, up from a previous estimate of 36 billion.

Meanwhile the Argentinean economy is supposed to grow over 8% this year. The sustained growth of the Argentine economy which is forecasted to range between 8.5 and 9% in 2006 is based on manufacturing, the building industry and agriculture, according to preliminary data to be released later this week by the Statistics and Census National Office. 

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Your email address will not be published.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

Bye Bye, Brazil

Brazilians have a great custom which is an instant ice breaker. They kiss everybody ...

Brazil’s Finance Minister Seems Convincing While Defending Himself from Kickback Charges

Brazilian Minister of Finance, Antonio Palocci, held a press conference over the weekend to ...

Surplus Keeps Raising for Brazil’s Trade Balance

In the second week of February (7-13), Brazil’s trade balance produced a surplus of ...

Brazil Reinforces Presence in Haiti with 850 Troops

A force comprising 209 soldiers from various Army units in Northeast Brazil embarked for ...

Diesel Oil Spill Threatens Brazil’s Swamps

More than 60 thousand liters of diesel oil leaked from the tank cars of ...

Brazil Needs Help of the Rich to Stop Amazon’s Destruction

The international conservation organization World Wide Fund for Nature (WWF) is warning that a ...

‘Pardon Us for Slavery,’ Says Brazil’s Lula in Africa

Brazilian President Luiz Inácio Lula da Silva asked Africans to forgive the suffering inflicted ...

For IMF, Brazil’s 51.5% Debt/GDP Ratio is Too High

The ratio between Brazil’s debt and its Gross Domestic Product (GDP), the total wealth ...

Bright Idea

Roseana is the major star of the Party of the Liberal Front, the trump ...