Expectations are for the growth of the Brazilian economy in 2011 to remain well below the 7.5% registered in the previous year. To the institute, the European crisis should continue affecting Brazil.
Author: Agência Brasil
The Federation of Industries of the State of São Paulo claims that the sector will go from a ‘melancholy performance to a mediocre one.’ There was a decline in jobs in 2011.
In Brazil, nearly 200,000 imported units were sold in 2011. This year, however, a decline is expected as a result of a tax raise.
The outflow of foreign currency exceeded the inflow by US$ 707 million in the first week of January, according to the Central Bank.
The Brazilian research station on the continent will be the first to use an ethanol-fuelled generator to supply its electric needs.
The Extended Consumer Price Index reached 6.5%, the upper limit of the government’s target range. The president of the Central Bank, however, said that now the scenario is one of decline.
In 2011, 641 enterprises declared insolvency in Brazil, a figure 12.4% lower than in the preceding year. The number of companies that filed for insolvency also dropped, from 1,939 to 1,737.
The government surveyed 184 different attractions near the 2014 FIFA World Cup host cities. The intention is to encourage the crowds attending the matches to visit them.
The Families Expectation Index of the Institute of Applied Economic Research shows that 67.2% of population are optimistic regarding the economy. Survey’s indicators improved from November to December
The figure is the result of inflow minus outflow of foreign currency in Brazil. In December, a surplus of nearly US$ 2 billion was recorded.
The bonds will be sold in the United States and Europe. Depending on the operation’s success, Asia may be included.
The country ended 2011 with reserves of US$ 352 billion, US$ 63.437 billion more than in the previous year.
The Brazilian intends to boost food security. The organization informs that 925 million people are plagued by hunger worldwide.
The Focus survey, conducted by the Central Bank, shows that financial market professionals have revised their Brazilian economy growth estimate down from 3.4% to 3.3% in 2012.
