Total amount withdrawn from savings accounts exceed deposits for the third consecutive month, according to the Brazilian Central Bank.
Author: Agência Brasil
According to the Brazilian Institute of Geography and Statistics (IBGE), output was up marginally at 0.1% in February from January, and up 0.3% in the first two months of the year combined.
Output reached 2.6 million barrels per day in February, according to Brazil’s National Petroleum, Natural Gas and Biofuels Agency.
The financial market believes the Selic, the benchmark interest rate, will drop tp 8.75% until the end of the year. Currently, it sits at 12.25%.
Brazilian Central Bank data show economic activity dropped in January from December for the seventh month in a row, this time by 0.2%.
The unemployment rate of the December to February period reached 13.2%, according to the Brazilian Institute of Geography and Statistics. Both the rate and the number of unemployed are records.
Turkey, Lebanon, Jordan, Iraq and Egypt have taken in the majority of the people displaced by the civil war in Syria, which started six years ago.
If the projection proves true, then Brazil’s Extended National Consumer Price Index (IPCA) will be lower than the midpoint of the target range set by the monetary authority.
The Brazilian state-run Federal Savings Bank posted USD 1.3 billion in profit last year, down from USD 2.3 billion in 2015.
The International Labor Organization director-general said the number of jobless people will keep climbing for years to come and questioned countries’ approaches to addressing the economic crisis.
Results in the Focus Bulletin, a Central Bank poll of the expectations of Brazilian banks, went down for the third week back-to-back.
February saw Brazilian citizens spend USD 1.360 billion in trips to other countries, whereas foreign tourists disbursed USD 535 million in Brazil.
The government has launched a series of measures that, when fully implemented, will cut down times from 13 to 8 days for exports and 17 to 10 days for imports. For now, the new rules are only in effect in four airports.
Survey by Fundação Getulio Vargas registered a 2.9 points increase to 90.7 points, the best result since May 2014.
