Market estimates for dollar, trade, current account deficit and foreign investment
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Market estimates for dollar, trade, current account deficit and foreign investment

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February 14, 2012, 3:52 pm
Money
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Kelly Oliveira        Reporter Agência Brasil

Brasília – The latest weekly market survey by the Central Bank, the Focus report, found financial institutions and analysts expecting a stable period for the exchange rate with the dollar closing at R$1.75 in both 2012 and 2013.

As for foreign trade, the forecast is for a surplus of $19.1 billion (down from $19.5 billion) this year, and $14 billion (down from $14.5 billion) in 2013.

The market projection for Brazil’s current account deficit is that it will reach $68 billion this year (the forecast a week ago was $67.95 billion); the forecast for 2013 was steady at $70 billion.

Expectations in the market for direct foreign investment in Brazil in 2012 and 2013 were steady at $55 billion

Allen Bennett – translator/editor The News in English




Source: http://agenciabrasil.ebc.com.br/new-in-english/2012-02-14/news-english-%E2%80%93-market-estimates-dollar-trade-current-account-deficit-and-foreign-investment

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Market estimates for dollar, trade, current account deficit and foreign investment
Market estimates for dollar, trade, current account deficit and foreign investment
Source: Joao Vianna
Tuesday 14 February 2012