Brazil’s Foreign Trade Association has revised its projections for this year and says imports could drop 20%.
Author: Agência Brasil
A study done by the organization with partner institutions shows that prices should decline, but will still remain in higher levels than in 2008, when the increase begun. Brazil will compensate losses with productivity.
The economy’s weak performance and tax incentives made revenues reach the worst result for a H1 in four years.
The number of Brazilian consumers with overdue debts increased in June from June 2014.
Decline estimation for 2015 was made by a sector’s institution. In the first semester, however, there was an increase of 2% in comparison to the same period of 2014.
The financial market raised its estimation of price increase from 9.04% to 9.12% this year. The raise occurred for the 13th straight time. But for 2016, there were two estimations that pointed to a decline.
A modernized version of the document, valid for ten years, was released this Friday (1st) by minister of Justice José Eduardo Cardozo. Security features have been improved.
US dollar outflows were higher than inflows in June. During the first three business days in July, the foreign exchange balance is already running a US$ 1.5 billion deficit.
Survey by the National Confederation of Industry shows that 60% of the companies in the sector adopted measures to reduce spending with employees, such as mandatory vacations, less shifts and layoffs.
The United States currency was up 1.29% this Tuesday and closed at R$ 3.183, the highest price since May 29th.
Financial institutions polled by the Brazilian Central Bank have changed their economic contraction estimate for 2015 from 1.49% to 1.5%, for the seventh straight time.
US dollar outflows from Brazil were higher than inflows in almost US$ 4 billion in the month up until June 26th.
Federal, state and local governments and state-owned companies posted deficits in their accounts in May. But the negative results of the same month of last year were higher.
The company lowered the estimation of investments for the 2015-2019 period by 37%. The cuts mean US$ 90.3 billion less than the estimated figure of the last business plan.
