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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: wl9839 who wrote (15375)	5/18/1999 3:29:00 PM
From: wl9839	Respond to of 22640

Tendências: Brazil's trade balance surplus at US$2bn Tendências consultancy company projects Brazil's trade balance surplus for 1999 at no more than US$2bn. According to Tendências, the country's trade balance could even close out the year with a surplus corresponding to half that amount or, in a rather more pessimistic estimate, a small deficit. Analysts to Tendências believe that the Brazilian government made a mistake as it announced it intended to achieve a surplus of US$6bn, after predicting a positive result of as much as US$11bn. To reach that goal, the government was expecting to see a recovery in the international prices of commodities, which correspond to 30% the total of Brazilian exports. "The government has overestimated the prices," economist Fábio Silveira said. In 1998, Brazil's trade balance posted a deficit of US$6.4bn. (By Rita Tavares) Copyright © 1996 Agência Estado. All Rights Reserved.