A report from the Brazilian Ministry of Planning has altered its 2013 economic growth estimate from 3% to 2.5%.
Author: Agência Brasil
The Brazilian government plans on revising the conditions for stakes in Brazilian airlines owned by foreign capital, currently restricted to a maximum of 20%.
According to figures from the Brazilian Institute of Geography and Statistics, 1.4 billion animals were slaughtered in quarter two this year. The volume is an all-time high.
Dollar outflow continues to outstrip inflow in Brazil. From September 1 to 13 the deficit stood at US$ 2.9 billion, according to the Brazilian Central Bank.
A higher tax will be levied on the product’s imports from China, South Korea, Thailand and Taiwan for up to four months due to Brazil’s provisional antidumping rights.
Such is the gross production value of Brazil’s agriculture and livestock output this year, according to government figures.
The Brazilian sector posted a combined US$ 57.7 billion trade surplus year-to-date through August. The good export performance was driven by soy, sugar and ethanol, and meats.
The Eclac forecasts that foreign sales from the region will grow at a similar rate to last year’s 1.4%. The organization expects Brazil’s figure to be down 0.1% this year.
The Brazilian Institute of Geography and Statistics (IBGE, in Portuguese) is expecting 187.3 million tonnes to be harvested this year. The volume is down 0.3% from the prior forecast.
Brazil’s Foreign Office has devised a strategy to move 395 Brazilian citizens living in the Arab country to neighbouring countries in case an armed intervention led by the United States takes place.
The rate of growth has continued on the slowdown trend which started late last year, according to the National Confederation of Industry.
Industry association expects output to be up 12% this year. Increased exports and the fact that imported vehicles are being replaced by domestic-made ones have influenced the estimate.
The index which measures the variation in cost of Brazilian products traded abroad was up in August from July, according to the Central Bank.
Sector activity declined in July from June, but increased from July 2012, according to a survey conducted by the Brazilian Institute of Geography and Statistics.
