The Brazilian Ministry of Finance sees the economy growing by 0.5% this year, down from a prior forecast of 1%.
Author: Agência Brasil
Official rate went up 0.15% in March. The price increase year-over-year is near the center of the established target of 4.5%.
Loans made by the Brazilian Development Bank (BNDES) totaled BRL 10 billion (USD 3.23 billion) in January and February, a decline of 16% over the same months of 2016.
The index measured by the National Commerce Confederation for Goods, Services and Tourism increased 0.9% in March over the same month of last year.
The launching, to be made from the French Guiana, was scheduled for Tuesday, but it was later shifted. It will be the first Brazilian geostationary satellite for civil and military purposes.
A poll of Brazilian banks shows the price increase estimate for the country this year slashed for the second time in a row, this time from 4.19% to 4.15%.
Inflation as measured by the Weekly Consumer Price Index (IPC-S) declined in most of the seven capitals surveyed among the first and second week of March.
The Brazilian government will collect USD 1.17 billion as a result of airport concessions in Fortaleza, Salvador, Florianópolis and Porto alegre.
According to Brazil’s Institute for Applied Economic Research (Ipea), this was the second straight monthly increase.
The Fed raised the United States’ benchmark rate for the second time in three months, this time by 0.25 percentage point.
According to the Brazilian Institute of Geography and Statistics (IBGE), the poultry slaughtering numbers hit 5.86 million last year, a record of the historical series started in 1997. Egg production was also a record.
Integration can make countries more competitive on international markets and spur long-term growth, according to a World Bank report.
Nationwide activity eased by 0.1% in January from December according to the Brazilian Institute of Geography and Statistics (IBGE), although there were increments in nine out of 14 regions surveyed.
Brazilian financial institutions believe inflation will be 4.19% this year, which is less than last week’s 4.36% estimate.
