As per the Brazilian Central Bank’s Focus Bulletin, Brazil’s economy could see 1.13% growth this year.
Author: Agência Brasil
Nine enterprises were authorized to supply energy to Boa Vista and other cities in the Brazilian state during auction this Friday (31).
Months is marked by seasonal revenues, such as income tax and oil royalties, which caused Brazilian public accounts to see a positive balance.
After hikes in Q3 and Q4 2018, Brazil’s economy shrank according to IBGE. These numbers are official.
Petrobras now extracts almost 2 million barrels of oil equivalent a day in the region’s ultra-deep waters.
Expenditure during international trips was down 3% in April and 10% year-to-date through April, the Brazilian Central Bank reported. A strong US dollar makes it more expensive to go abroad.
Banks keep reducing their estimate for Brazil’s GDP. Expectation now is that the economy will grow 1.23% in 2019.
Brazil saw 129,600 posts created, the biggest number for the month since April 2013.
According to IBGE, this was the greatest change for the month of May since 2016.
The United States government, which had been preventing Brazil from joining the organization, has now given its formal support.
USD 34 billion went into the government’s coffers during the month in Brazil, with collection driven by oil royalties.
According to this Monday Focus Readout, Brazil’s economy is expected to grow 1.24% this year. Last projection was 1.45%.
Data is from Fundação Getulio Vargas’ survey. Drop occurred in the first quarter of 2018. Year-on-year, there was 0.5% hike.
Forecast is a crop of 51 million bags according to CONAB. Reduction is due to the two-year period for coffee farming.
