Brazilian financial institutions have revised down their 2013 GDP growth projections. The new growth forecast is 2.35%, as against a prior estimate of 2.5%.
Author: Agência Brasil
The minister to the Secretariat for Civil Aviation has said there will be no further auctions, and that only the five airports which have already been auctioned will be delivered to the private initiative.
The Brazilian balance of trade shows a US$ 89 million deficit year-to-date. In November, however, there was a US$ 1.74 billion surplus.
The fall in September was identified in a research by the National Confederation of Industry. Wages dropped 1.3%.
Brazil’s Finance minister, Guido Mantega, anticipated the announcement of Brazil’s growth for the third quarter, to be disclosed officially on Tuesday.
The demand for October was 4.3% lower than the demand recorded in the same month in 2012. Residential, trade and service users influenced the performance. Industrial use also climbed, but little.
Sixteen national parks throughout Brazil will receive funds for emergency works. The goal is to better receive tourists due to travel to Brazil for the international soccer contest.
Dollar inflows to Brazil exceeded outflows from November 1st to 22nd. Year-to-date, however, there is a US$ 2.2 billion deficit.
The concession auction for the highway, located in the state of Mato Grosso, was won by the group, whose proposal had a markdown of 52.03%.
The Brazilian balance of trade showed a US$ 1.35 billion deficit last week, following surpluses in the early weeks of November.
Financial market analysts forecast the growth for Brazil in 2013 – the same as forecast last week. For next year, the forecast has also been maintained at 2.1%.
According to a study by Serasa Experian, there was growth of 0.1% over the previous month and 2.5% in comparison with the same month last year.
Galeão, in Rio de Janeiro, and Confins, in Belo Horizonte, should be transferred to the private initiative at an auction at the São Paulo Stock Exchange.
Brazil’s state-owned BNDES posted US$ 2.093 billion in net income year-to-date through September. Insolvency rate is the lowest in five years.
