Financial institutions surveyed by the Brazilian Central Bank raised their estimated inflation rate for 2015, which stood at 10.61%. For next year, the inflation rate is expected to be at 6.87%.
Author: Agência Brasil
An index measured by the Brazilian Central Bank shows a decline in the economy in October from September and a 6.19% drop from October 2014.
The Brazilian state-run oil company produced 1.023 million barrels of oil equivalent per day in November, a 1.8% increase over October.
Brazil’s National Federation of Industry estimates that the GDP will shrink this year and in 2016. Inflation is expected to be 10.5% in 2015 and 6.8% next year.
The state-owned company’s chief Aldemir Bendine told the press that it will emerge stronger and more mature from the crisis, and that performance will improve within four years.
The Brazilian Central Bank’s governor, Alexandre Tombini, said that next year the rise in prices will stand within the limit of 6.5% and that he expects the inflation rate to hit the target center of 4.5% in two years.
Demand increased in November from October in Brazil, according to a survey conducted by Serasa Experian. The biggest increment came from large businesses.
The Brazilian federal government estimates that passenger numbers at airports across the country are set to drop 20% over the comparable period in 2014.
Language students from Unifesp, in Guarulhos, São Paulo, who taught Portuguese classes to the immigrants, have built a web portal featuring statements, interviews and photographs.
The Brazilian Institute of Geography and Statistics (IBGE) forecasts a 209.3 million ton harvest of cereals, pulses and oilseeds next year. If the number proves true, the crop will be smaller than 2015’s.
The sector’s share in the economy stood at 21.4% last year and went up this year, according to the Brazilian Confederation of Agriculture and Livestock.
US dollar inflows to Brazil were higher than outflows in November and in the first four days of December, the Central Bank reported.
Output dropped in ten out of 14 states monitored by the Brazilian Institute of Geography and Statistics in October from September. The poorest performances were those of Pará, Paraná, Espírito Santo and Amazonas.
The estimate from the Brazilian Central Bank’s Focus Bulletin, a poll of financial institutions, increased for the 12th straight week.
