Estimation for the 2014/2015 harvest added up 2.3 million tons of grains and now totals 204.5 million tons.
Author: Agência Brasil
The new phase of Logistics Investment Program was launched this Tuesday (9th) and should help unlock Brazil’s economic potential. Private investments will be made in roads, railways, ports and airports.
Survey of the Brazilian Central Bank with financial institutions indicates an expectation for a 1.3% decline for Brazil’s GDP in 2015. Last week estimation was of 1.27%.
US dollar outflows exceeded inflows by US$ 2 billion in Brazil last month, the Brazilian Central Bank has reported.
The OECD’s estimation indicates average growth of 2.4% for the economies of Brazil, Russia, China, India and South Africa this year and a higher percentage for next year.
It was a 1.3% decline over Q4, according to Brazilian statistics institution. It was the seventh straight drop in this kind of comparison.
Brazil’s US$ 4.58 billion primary surplus from January through April was the lowest for the period since 2001, based on National Treasury numbers.
The Brazilian minister of Planning said the country’s economy should see 1% growth next year. The previous official projection was 1.3%.
Bilateral trade in goods and services with the rest of the world was negative by US$ 6.9 billion in April, the Central Bank reported. Year-to-date, there is a US$ 32.4 billion deficit.
The drop occurred in the first four months of the year over the same period of last year. The amount spent in other countries was US$ 6.8 billion. Spending abroad also dropped in April.
As per a Central Bank poll of analysts, the benchmark interest rate should be 13.75% by year end in 2015. The prior estimate was 13.5%.
The decision to apportion 4% to 6% of Gross Domestic Product to the area was made at the World Education Forum this week in South Korea. Over 150 nations made the pledge, Brazil included.
A report from the organization mentions the country as a reference, alongside Peru, Mexico, Argentina and Chile, but warns that Latin America remains one of the most unequal regions in the world.
A survey from the Brazilian Central Bank shows a slowdown from February. Year-on-year, there was an even bigger retraction at 2.7%.
