• 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. 


  • 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Your email address will not be published.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.


You May Also Like

Brazil Scolds Mexico for Visa Requirement and Threatens to Bar Country from Mercosur

The Brazilian Minister of Foreign Relations, Celso Amorim, commented today in New York about ...

Having Learned from US Mistakes China Goes Soft to Win Brazil and LatAm’s Hearts

On November 5, 2008, the Chinese government released a policy paper on Latin America ...

Especiaria by Flávio Chamis

Flí¡vio Chamis Takes Us on a Discovery Voyage Through Brazilian Musical Lands

The mix of classical and popular occurs as a seemingly natural development in the ...

Brazilian Federal Police Tap and Threaten the Press

Reporters Without Borders today, November 10, condemned the action of the federal police in ...

100 Indians Under Siege by Armed Cattle Ranchers in Brazil

According to Amnesty International, a group of around 100 Guarani Indians reportedly occupied a ...

Brazil’s Reserves Slump Due to Early IMF Pay-Off

Brazil’s international reserves stood at US$ 53.8 billion at year-end 2005, down US$ 10.5 ...

Brazil Opens Office in Europe to Fight Trade Barriers

Brazil's National Confederation of Industries (CNI) and the Brazilian Export and Investment Promotion Agency ...

Brazil Getting Ready to Build Another Nuclear Plant

The president of the Latin American section of the American Nuclear Energy Society (LAS), ...

Brazil to Vote Against Iran Sanctions. Vote that Matters Though Will Come from Big 5

Iran’s president, Mahmoud Ahmadinejad, indirectly rebutted pressure by the international community on his country ...

Brazil’s Chief of Staff Vs Finance Minister Feud Is Over

Brazil’s Minister Jaques Wagner, head of the Secretariat of Institutional Relations declared that "the ...