-- Brazilian central bank President Henrique Meirelles said he’s “comfortable” with the current pace of economic growth, adding that expansion will slow to a level consistent with long-term equilibrium.
Meirelles said gross domestic product will expand an average 0.7 percent over the next two quarters, after the national statistics agency today said it rose 1.2 percent in the second quarter. Economists surveyed by Bloomberg expected growth to slow to 0.7 percent in the second quarter from the first three months of 2010, according to the median of 41 forecasts.
“The central bank is comfortable with this growth, which is absolutely in line with predictions,” Meirelles told reporters today in Brasilia. “We expect, looking ahead, moderate growth in the third and fourth quarters, leading to a level of economic growth around its long-term equilibrium rate.”
On an annual basis, GDP expanded 8.8 percent in the second quarter, pushed by a 26.5 percent jump in investment that was the biggest on record, the statistics agency said. --
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