Shoppers buy TV sets at a supermarket during a Black Friday sale in Sao Paulo, Brazil, on Thursday. Photo: AFP

 
Brazilian financial analysts have raised their economic growth forecast for 2019 from 0.99 to 1.1 percent, the Central Bank of Brazil said on Monday.

According to the bank's poll of analysts from the country's leading financial institutions, experts also upgraded their growth forecast for 2020 from 2.22 to 2.24 percent.

This year's inflation forecast was raised from 3.52 to 3.84 percent, but remains at 3.6 percent for next year, falling within the government's target rate of 2.75-5.75 percent.

Brazil's trade balance is expected to see a surplus of 43.6 billion U.S. dollars in 2019 and 38.95 billion dollars in 2020.

Foreign direct investment was projected to reach 75 billion dollars this year and 80 billion dollars next year.