Financial analysts have revised their 2013 growth forecasts for the Brazilian economy upward to 2.4 percent from the 2.35 percent estimate released last week, the Central Bank said Monday.
The higher gross domestic product forecast was released in the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.
Private forecasters now see GDP growing at about the same pace as the government, which expects the economy to expand at a 2.5 percent rate in 2013.
Analysts expect inflation to end the year at 5.82 percent, a level well within the 4.5 percent to 6.5 percent target range set by the government.
Interest rates, according to the analysts surveyed for the Boletin Focus, are a concern, with forecasts calling for the benchmark rate to continue rising and end 2013 at 9.75 percent, up nearly 100 basis points from the current 9 percent level. EFE