Primary forest production in Brazil generated revenues of billion last year, billion more than in 2009, according to a survey conducted by the Institute of Geography and Statistics (IBGE).
Author: Agência Brasil
The 2011-2012 crop should reach 159 million tonnes, a lower volume than in the preceding crop, according to the National Food Supply Company (Conab).
The Central Bank index measuring the price of Brazilian primary goods sold to foreign countries declined by 1.7% in November compared with the preceding month.
The gross domestic product performance in quarter three this year was no surprise to analysts. Early this year, the economic growth projection was 4%.
The country’s economy did not expand in the third quarter compared with the second one. According to the minister of Finance, Guido Mantega, the 3.8% annual growth estimate will not come to pass.
Other indicators in the National Confederation of Industries survey, however, did not perform as well. The reason is high stock-up levels.
Brazilian exports in the first working days of the month reached US$ 1.785 billion, while imports totalled US$ 1.466 billion. The figures were disclosed by the Ministry of Development.
The demand for energy worldwide will increase by one third from 2010 to 2035. The increase in Brazil will be the second largest, after India’s. In the Middle East, consumption also grows briskly.
Industrial enterprises in Brazil have a lower growth expectancy rate for 2012 than for 2011, according to a survey conducted by the National Confederation of Industries (CNI).
The country will allocate further funds to the International Monetary Fund in order to minimize the crisis’ effects. The announcement was made during the Fund’s managing director’s visit to Brazil.
The country’s trade surplus increased in November. In October, the surplus was US$ 2.3 billion.
Capital goods industry revenues grew by 16.3% in October this year as against the same period of last year, but dropped by 5.8% when compared with September.
The country is a growing supplier of humanitarian aid around the world, according to the Doctors Without Borders non-governmental organization. The NGO’s main projects are in Somalia.
Brazilian banks will be able to raise funds abroad to fund domestic companies operating out of the country. The measure will aid the internationalization of these businesses.
