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Banks forecast 1.69% growth for Brazil

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Staff writer ▼ | April 2, 2014
BrazilFinancial institutions polled by the Brazilian Central Bank have nudged down their economic growth forecast for this year. The Gross Domestic Product (GDP) growth estimate is down from 1.7% to 1.69% in 2014 and remained at 2%, in 2015.

These projections are part of the monthly Central Bank poll of financial institutions, about the main economic indicators.

The industrial output estimate is also down from 1.41% to 1.38% for this year, and remains at 3% for 2015. The trade surplus forecast is down from $4.71 billion to $4.25 billion, in 2014, and remains at $10 billion for next year.

The dollar price forecast has been revised down from R$ 2.49 to R$ 2.46, in 2014, and remains at R$ 2.55, for next year. The foreign direct investment forecast was revised up from $55.4 billion to $59 billion this year and remained at $55 billion in 2015.

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