IMF director Christine Lagarde used the expression while discussing the risks facing the world economy. Minister Guido Mantega ensured that the country can ‘neuter’ the effects of the crisis.
Author: Agência Brasil
IMF director Christine Lagarde used the expression while discussing the risks facing the world economy. Minister Guido Mantega ensured that the country can ‘neuter’ the effects of the crisis.
National Confederation of Industries survey points out that 30% of Brazilian industries are still feeling the negative effects of the financial crisis of 2008 and 2009.
The Brazilian outflow of dollars was greater than the inflow in October, according to the Central Bank. The balance was US$ 134 million negative.
The northern Brazilian state will float tenders for exploration of conservation units. Four to six areas will be tendered for purposes of World Cup-related tourism.
Brazilian automakers association estimates that 540,000 vehicles will be shipped abroad this year, a 7.6% increase over 2010. An earlier forecast predicted a decline.
The US$ 543 million deficit was the result of US$ 3.185 billion in exports and US$ 3.728 billion in imports.
In Cannes, France, the Brazilian president stated that the UN’s conference in Rio will be an opportunity to ‘address the development model nations want for their future.’
Sales increased in the supermarket, hypermarket, food and beverage, textiles, clothing, shoes and accessories segments.
The Brazilian president stated that the country may help the fund to seek solutions to the crisis. She expressed concern over the possibility of European problems affecting emerging nations.
In September, 2.1 million barrels were produced in the country each day, an increase of 2.3% over August and 5.1% over September last year.
The financial institution recorded a 10% increase in net profit in the third quarter this year as against the same period of 2010.
The Brazilian balance of trade ran a US$ 2.355 billion surplus last month, as a result of US$ 22.14 billion in exports and US$ 19.785 billion in imports.
Industrial output dropped 2% in September as against August, according to the Brazilian Institute of Statistics. The main contributing factor was the auto industry, whose output declined by 11%.
