The
Central Bank forecasts that federal gross debt may reach 70.7% of GDP in
2016, even if the government achieves the primary-surplus target of
0.5% of GDP set for next year. Under an alternative projection, which
uses a market forecast of a primary deficit of 1% of GDP in 2016, the
gross debt would amount to 71.5% of GDP. The Central Bank\'s estimates
take into account a relatively optimistic scenario for GDP performance,
with a 1.9% economic contraction in 2016, according to its Inflation
Report. Private-sector economists expect the output to contract 2.8% in
the period. Gross debt reached 65.1% of GDP in November, or R$3.84
trillion, according to Central Bank data, compared with 57.2% in
December 2014.
Dec 29, 2015 at 9:30 PM
valor.com.br
About Me
- Waldemar Jezler
- For over 30 years, Brazilian-American investment banker Waldemar Jezler has worked in the finance sector. Jezler earned his Bachelor's degree in Civil Engineering from the University of São Paulo in Brazil and then went on to attend Harvard Business School for his MBA. While at Harvard, Jezler was highly involved in extracurricular activities, including a term as President of the Ibero American Club.