Financial institutions heard by the Brazilian Central Bank forecast a GDP increase by 1.99% this year. The previous estimate was of 1.95%
Author: Agência Brasil
The Brazilian Institute of Geography and Statistics (IBGE) studied 14 states and production decreased in nine of them from October to November. The strongest decline was observed in Goiás.
The Broad Consumer Price Index (IPCA) at the end of 2013 reached 5.91%, higher than the Central Bank’s expectations, of 5.8%.
The 2013/2014 grain harvest is expected to reach 200 million tons, according to the Ministry of Agriculture. The National Supply Company had forecasted 196.7 million tons, but soy crops may help improve this volume.
Amount of dollars leaving the country surpassed entry by US$ 12 billion. Financial foreign exchange flow was responsible for the result, as the commercial flow was positive at the end of 2013.
The reduction occurred in almost half of the 27 sectors researched by the Brazilian Institute of Geography and Statistics. Vehicles had the strongest influence.
Deposits made by Brazilians were greater than withdrawals by R$ 71 billion (US$ 30 billion), highest value ever registered by the Central Bank.
South American country shall substitute Algeria in heading the bloc of 133 developing nations and China.
Financial institutions consulted by the Central Bank believe the country’s economy won’t grow 2%, as previously forecasted.
Brazil’s Finance Minister, Guido Mantega, says the Federal Government’s savings to pay debt interests reached R$ 75 billion in 2013. Target was R$ 73 billion.
The total amount sold was down 5%, according to a business association. Last year there was a 6% increase.
In 2013, apart from highway concessions, two airports in Brazil, Galeão and Cofins, were assigned for management by private consortia.
Getúlio Vargas Foundation index shows consumers are less confident in the economy, at a below-average rate for the 10th straight month. Respondents said their financial status has worsened.
Ruling from the Justice and Labour and Employment ministries allows 4,482 workers from 22 countries to live in national territory.
