Minister Henrique Meirelles announced a 1.1% growth prediction for Brazil this year, up from a prior 0.5% forecast. Expected 2018 performance moved up as well.
Author: Agência Brasil
The National Congress approved next year’s budget on Wednesday evening. A special election campaigns fund will account for USD 513 million out of the total amount.
The Brazilian Institute of Geography and Statistics (IBGE) forecasts that Brazil’s grain, legume and oilseed crop will amount to 219.5 million tons in 2018, 22.4 million tons less than in 2017.
A survey by the National Confederation of Industry (CNI) shows that, in ten years, the percentage of Brazilian industries that will be 4.0 will go from the current 1.6% to 21.8%.
Financial market players see this year ending with a 2.88% rate, down from a prior 3.03% estimate. Expected economic growth edged up from 0.89% to 091%.
Brazil’s Electrical Energy Research Center (Cepel) launched an Ultra-High Voltage Laboratory in Rio Janeiro. The country is now the second in the world to have a unit of this kind – China’s the first.
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels has issued a pre-request for proposals and the draft contract for the tender of 70 exploration blocks.
Industrial production climbed year-on-year and hit its highest number since April 2013.
The United Nation’s agencies will need USD 22.5 billion for basic aid to 91 million vulnerable people in 2018.
The financial market expects the economy to grow 0.89% this year, against last week’s forecast of 0.73%. Estimative for 2018 also improved.
The trade surplus from January to October is the highest for the period and is the result of USD 200 billion in exports and USD 138 billion in imports.
Brazilian economy expanded from July to September over the three previous months, in the third consecutive increase. Over the same period of last year, the growth reached 1.4%.
The Brazilian Chamber of Deputies approved the extension of a draft Provisional Measure lifting taxes on imports of goods intended for oil and gas exploration, development and production.
Federal, state and local governments in the country posted a USD 1.4 billion surplus in October, the Brazilian Central Bank reported.
