A poll of financial institutions conducted by the Brazilian Central Bank shows deteriorating expectations regarding the economy in 2016. Last week’s shrinkage forecast had been 3.40%.
Author: Agência Brasil
The two United Nations organizations are planning on launching units to welcome migrant women and children in the next three months, with an emphasis on borders with Europe.
Brazil’s federal, state and municipal governments had a combined USD 7 billion surplus after eight straight months in deficit. The result even surpassed January 2015’s.
Collection of part of the funds raised through auctions for renewal of hydroelectric plants concessions enabled a surplus in January, according to numbers from Brazil’s National Treasury.
Such is the deficit Brazilian financial institutions believe the federal government will have posted by the end of 2016. The January forecast had been for a USD 17 billion deficit.
Brazilian Central Bank index shows that in 2015 the economy slowed down to its poorest performance since 2003. The result is considered as a preliminary GDP result.
Banking institutions are expecting prices to go up 7.61% this year in Brazil, according to a Brazilian Central Bank poll. The estimate has been changed upward for the seventh straight time.
The index from think tank Fundação Getulio Vargas climbed from 44 to 47 points between October 2015 and January 2016. The increase was driven by future expectations.
Out of the 15 places surveyed by institute, in 12 the industrial production declined last year. The steepest drops occurred in the states of Amazonas, Rio Grande do Sul and São Paulo.
Foreign sales grew in January from a year ago. During the month, 22,300 units were shipped abroad.
Brazil’s crop will be smaller than expected, but even so it should reach a record volume, according to an assessment made by the secretary of Agricultural Policy of the Ministry of Agriculture, André Nassar.
US dollars inflows exceed outflow in USD 1.475 billion in Brazil in the first month of the year due, especially, to exports.
Most-sought sports events at Rio 2016 are football, basketball, volleyball and track and field. The Olympic Games will take place from August 05 to 21.
The Brazilian Institute of Geography and Statistics (IBGE) said it was the sharpest downturn since record-taking began, in 2003.
