The gross domestic product performance in quarter three this year was no surprise to analysts. Early this year, the economic growth projection was 4%.
Author: Agência Brasil
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.
Poverty in the region has declined by 17 percentage points in ten years, according to an Eclac survey. The rate dropped from 48.4% to 31.4%.
Antônio Patriota discussed the Syrian situation with the League of Arab States secretary general. Brazil is waiting on the UN Security Council’s analysis before manifesting itself on human rights.
In the Brazilian Mid-South, 479.3 million tonnes of sugarcane have been processed from January 1st to November 15th, a figure 9% lower than in the same period of the last crop.
