Brazil’s Gross Domestic Product (GDP) forecast is expected to have shrunk by 3.49% at the end of this year. The projection is worse than last week’s, but the inflation estimate has improved.
Author: Agência Brasil
Credit in the country will suffer the first fall ever registered by the Brazilian Central Bank if the forecast for this year is to be confirmed.
The index measured by Fundação Getulio Vargas (FGV) dropped 5.8 points in December, reaching its lowest level since June.
Such is the increase in prices that consumers in the country are expecting in the next 12 months.
The debt from BRL 3.032 trillion (USD 910 billion) in October to BRL 3.092 trillion (USD 928 billion) in November, according to data from the National Treasury.
The Brazilian Central Bank expects the country to register a trade surplus of USD 44.5 billion this year against the previous forecast of USD 49 billion, due to the decline in exports.
Brazilian travellers spent a combined USD 1.2 billion in other countries in November, the lowest amount since May. Brazil’s current account deficit last month was lower than expected.
Federal tax revenue in Brazil reached USD 30.2 billion last month, an amount 0.1% higher in real terms than in November 2015.
Output in the 2016/2017 harvest season will be 694.5 million tons, as per the projections of Brazil’s National Supply Company.
The United Nations Security Council approved a resolution on the matter by unanimous decision. Observers will be shipped to the Syrian city.
Financial institutions expect the Brazilian economy to grow 0.58% next year. Last week’s forecast had the growth at 0.70%.
An indicator compiled by organizations IBRE/FGV and TCB edged up in November from October to 100.2 points. It anticipates short-term economic trends.
This Friday (16) saw the hydroelectric plant reach 98.63 million MWh. It is now close to matching the world record, which belongs to China’s Three Gorges Dam.
A survey conducted by Brazil’s National Federation of Trade in Goods, Services and Tourism shows the index climbing 2.6% in December from November due to the year-end holidays.
