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