Global Times - Brazil's GDP to grow 3.5 percent in 2010: central bank

Brazil's GDP to grow 3.5 percent in 2010: central bank

Source: Xinhua
[10:29 July 28 2009]
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Brazil's gross domestic product (GDP) will grow 3.5 percent in 2010, according to a survey released on Monday by the Central Bank.

According to the Focus market survey, the country's GDP will fall 0.34 percent in 2009. In a previous survey, Brazil's GDP was projected to grow 3.6 percent in 2010.

The survey also predicted that the industrial production will fall 6.29 percent in 2009, and it expected the industrial sector to recover next year.

Brazil will register a trade surplus of 23 billion US dollars in 2009, and the accumulated trade surplus could reach 13.99 billion dollars in the first six months of 2009, said the survey.

It also predicted the country's foreign direct investments will total 25 billion dollars in 2009, and will reach 27 billion dollars in 2010.

Brazil's foreign investments reached 12.64 billion dollars in the first half of 2009.