BRASILIA - The financial market has raised the estimate of inflation for 2010 and projected new growth in Gross Domestic Product (GDP).According to the Focus bulletin, investors and market analysts projected for year-end inflation of 5.07%, measured by the Consumer Price Index (IPCA). In the previous measurement, the IPCA for the period was projected at 5.05%. As for next year, the projection of the financial market for the IPCA inflation fell from 4.94% to 4.92%.
For economic growth this year, the expectation has reached 7.55%. Previously, it was 7.53%. The exchange rate in December was estimated at 1.75 and the basic interest rate (Selic) was maintained at 10.75% per annum. The public sector net debt was estimated up, rising to 40.75% against 40.70% the previous result.
The trade balance showed a slight improvement by the calculations of the market reaching US$ 16 billion. In the previous poll, the financial market had expected US$ 15 billion. The result, however, would not alter the balance on current account would remain in Brazil with a deficit of US$ 50 billion.
For economic growth this year, the expectation has reached 7.55%. Previously, it was 7.53%. The exchange rate in December was estimated at 1.75 and the basic interest rate (Selic) was maintained at 10.75% per annum. The public sector net debt was estimated up, rising to 40.75% against 40.70% the previous result.
The trade balance showed a slight improvement by the calculations of the market reaching US$ 16 billion. In the previous poll, the financial market had expected US$ 15 billion. The result, however, would not alter the balance on current account would remain in Brazil with a deficit of US$ 50 billion.
By Agendia Brasil
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