Deficit in the Union, states and counties accounts reached BRL 23 billion (USD 6.36 billion) in February, worst result for the month in the historical series.
Author: Agência Brasil
The company will invest BRL 50 billion (USD 13.61) in five years in the Brazilian power sector and a fifth of this amount will be used this year already.
President Dilma Rousseff signed the ratification of the World Trade Organization trade facilitation agreement in Brasília. The treaty aims to cut red tape and eliminate administrative hurdles.
The auto sector should resume growth in this year’s Q4, according to estimation by Luiz Moan Yabiku Júnior, president of automaker’s national association.
Financial institutions believe in a 3.66% slide for the Brazilian economy this year. Last week’s forecast called for 3.60% shrinkage. The 2017 numbers also declined.
The dollar appreciation and lower income affected the decline in spending in international travelling last month over the same period of 2015, according to data from the Brazilian Central Bank.
It’s the highest number of formal jobs with signed contracts lost in a month since 1992.
A survey by ECLAC shows that more than 2.75 million Brazilians rose above the poverty and extreme poverty lines in 2014.
Alexandre Tombini, president of the Brazilian Central Bank (BC), spoke in the Senate that the BC will not shy away from measures to keep the inflation rate at the target’s center, which is 4.5%, next year.
Although the data from the sector is still signaling low activity, survey shows that business owners’ negative forecasts have been decreasing.
Analysts from the financial market revised their forecast for the fall of the Gross Domestic Product this year and it went from 3.54% to 3.60%, according to survey released by the Brazilian Central Bank.
Survey by the National Confederation of Industry reveals an improvement in the sector. There was a decline in pessimism and better numbers regarding employment.
Financial institutions surveyed by the Brazilian Central Bank worsened their estimation for the central government’s primary deficit this year, which previously signaled BRL 70.7 billion.
The president called as ‘speculations’ the possibility of changes in the economic team and the internal use of international reserves.
