Gross Domestic Product (GDP) in the country is expected to grow 1.9% in 2019 from 2.2%, and then strengthen to 3% in 2020.
Author: From the Newsroom
Brazil’s Foreign Trade Association has toned down its predictions on imports and foreign trade. Estimates regarding exports and the trade surplus moved up.
Government decision allows that businesses operate all day, which is expected to boost trade activities and create jobs.
Airports in the country received 2.1 million passengers, up 26.5% from a year ago.
Exports from Brazil to the region grossed USD 642 million in June, up 26% year-on-year.
The Arab country’s Gross Domestic Product (GDP) widened year-on-year in Q1. The oil industry accounts for over half of the economy.
The Middle East share of the world tourism market may increase from 6% to 8% by 2030, which amounts to 150 million tourists per year.
Deficit rose to USD 3.87 billion, up 6.8% from a year ago. Exports increased by just 0.5%, while imports increased by 4%.
The organization estimates that the volume will grow by 1.14 million barrels per day from 2019 level.
The Madrid, Spain-based International Olive Council released its preliminary estimates for the 2019/2020 crop. The North African country is expected to produce 350,000 tons of oil.
The venue spanning 7,000 sqm will be home to 30,000 animals. One million visitors are expected each year.
Brazil shipped 192,000 tonnes of chicken meat to the Arab country in H1. Total foreign sales grew by 11% in the period.
For the second time, veterinarian Guilherme Costa has been appointed president of the United Nations body tasked with setting international food standards.
H1 saw 873,000 bags of Brazilian product exported to the region, with revenue climbing 18% year-on-year to 102 million.
