NEWS IN ENGLISH – Market estimates on GDP growth, trade surplus, current account deficit and direct foreign investment

allen — Tue, 02 Aug 2011 12:38:15 +0000

Kelly Oliveira Reporter Agência Brasil

Brasília – Estimates for GDP growth this year by financial market analysts, consulted as part of a survey by the Central Bank, rose slightly from 3.94% to 3.96%.

Meanwhile, market projections for GDP growth in 2012 remain stable at 4%.

Projections for the growth of industrial sector output in 2011 remain slightly above 3.20%, and slightly above 3.30% for 2012.

The ratio of public debt as a percentage of GDP is projected at 39.26% (down from 39.28%) for this year. The forecast is 38% for 2012.

The market projection for Brazil’s trade surplus this year is approximately $21 billion, but drops to somewhere slightly more than $10 billion next year.

Brazil’s current account deficit is expected to reach $59 billion in 2011 and over $69 billion in 2012.

Direct foreign investment in Brazil this year is expected to close out at $55 billion, and $50 billion next year.

Allen Bennett – translator/editor The News in English

Link - Mercado eleva projeção de crescimento da economia para este ano