Brazil’s economy expected to grow 7.42 pct this year

14 September 2010

Sao Paulo, Brazil, 14 Sept – The economic growth forecast for the Brazilian economy this year has risen from 7.34 percent to 7.42 percent according to a panel of economists surveyed by the Brazilian central bank.

For 2011, the projection from the members of the panel remained unchanged at 4.5 percent.

The same panel also said that the projection for inflation had fallen to 4.97 percent, as compared to 5.07 percent previously, and rising slightly from 4.85 percent to 4.90 percent for next year.

Recently, Brazil’s Geographical and Statistics Institute (IBGE) said that Brazil’s Gross Domestic Product (GDP) had posted growth of 1.2 percent in the second quarter and 8.9 percent in the first half, year on year. (macauhub)