Data released by the Brazilian Institute of Geography and Statistics (IBGE) confirm the second straight year of recession in the country. The 7.2% drop in the 2015-2016 biennium was the biggest on record.
Author: Agência Brasil
Indicator measured by Fundação Getulio Vargas declined 8.5 points from January to February and is at its lowest level since May 2015.
Banks’ inflation forecasts for 2017 and 2018 remained the same. Next year’s inflation rate is expected to come at 4.5%. The forecast for the GDP signals a 0.49% growth.
For the 22nd consecutive month, net job creation was negative according to the General Register of Employed and Unemployed Persons (Caged).
Consumption went up in all four major sectors surveyed and in all five regions of Brazil. The biggest increase was in industry.
The minutes from the latest meeting of the Monetary Policy Committee show a willingness to accelerate cuts in the benchmark interest rate, which is now 12.25% per annum.
Visitor numbers increased by 167% at the Sambadrome and by 203% in street parades, compared with last year’s numbers.
Agreements signed on Tuesday amount to USD 2.225 billion and include stakes in pre-salt oilfields.
Brazil saw a primary surplus of BRL 6.7 billion. For the full-year result, however, a BRL 143 billion deficit is expected.
The state-run Brazilian Airport Infrastructure Company (Infraero) estimates that the airports it manages in the country will handle 3.3 million passengers during the holiday this year.
The treaty was reached under the aegis of the WTO. It has been ratified by 110 countries and became effective this Wednesday. It is expected to bring an additional USD 1 trillion to global trade.
Such was the increase in passenger numbers registered by Brazilian airlines. Demand for domestic flights eased by 1.4%, the industry association reported.
The domestic and foreign debt dropped to BRL 3.05 trillion in January from December, according to numbers from Brazil’s National Treasury Secretariat.
USD 11.5 billion were invested in Brazil’s productive sector last month, the highest amount for a January since the Brazilian Central Bank began keeping records, in 1995.
