IMF may raise Brazil 2010 GDP growth view-official

* IMF may raise Brazil’s 2010 growth forecast from 5.5 pct

* Latest in series to review their Brazil growth forecasts

SAO PAULO, May 18 (BestGrowthStock) – The International Monetary
Fund may raise its 2010 economic growth forecast for Brazil
because of a rapid recovery from a brief recession last year,
the fund’s deputy director, Murilo Portugal, said on Tuesday.

The IMF, which currently estimates 5.5 percent growth for
Brazil this year, would become the latest institution to raise
forecasts for Brazil’s economic expansion.

“It is possible that we will revise the projections. In the
case of Brazil, the number could be bigger,” Portugal said.

Brazil’s National Industry Confederation on Monday revised
higher its forecast for growth to 6 percent from 5.5 percent.
For more see [ID:nN17273455].

Analysts raised their forecast for 2010 growth for a ninth
straight week, a weekly central bank survey showed on Monday,
and are now expecting the economy will expand 6.3 percent in
2010.

Brazil’s economy was among the first to emerge from the
global financial crisis last year and is now posting solid
economic activity.

Only last week the government took measures to help cool
demand and prevent the economy from overheating. Brazil’s
government said it had plans to cut the 2010 budget by an
additional 10 billion reais which would take total cuts to 1
percent of gross domestic product. [ID:nN13116480]
Investment Basics

(Reporting by Aluisio Alves, Writing by Ana Nicolaci da Costa;
Editing by Padraic Cassidy)

IMF may raise Brazil 2010 GDP growth view-official