The International Monetary Fund forecasts a fiscal deficit worth 20% of GDP in 2015 and says the government will need to make a fiscal adjustment.
Author: From the Newsroom
Although May’s balance registered a surplus, Brazilian exports continued to fall in comparison with the same period in 2014.
Brazil produced 2.4 million barrels of oil per day in April, down 0.8% from March. Pre-salt layer extraction, on the other hand, went up.
A poll shows that the Central Bank is expected to raise the benchmark interest rate, known as Selic, by 0.5 percentage point this week, which will drive the per annum rate to 13.75%.
International sales dropped 8.9%, according to the International Coffee Organization. There was also a decline of the world trade in the current crop year, which started in October 2014.
The Brazilian oil company accounted for 89.2% of investment by all federal government-run companies in the first four months of this year. Said companies have spent 17.9% of this year’s budget.
In the first three months of this year, the Gross Domestic Product was down 0.2% from Q4 2014. Year-on-year in Q1, there was a 1.6% decline. Agribusiness performance improved.
An International Labor Organization study shows 338,000 people were jobless in the occupied territories in 2014.
The airline from the Emirates achieved a 52.1% net profit growth in 2014 with US$ 73 million. Revenues increased 26.7% and the company carried 14.8 million passengers.
Foreign sales by the Brazilian capital goods industry slowed down last month and in the 4-month period through April. Agricultural equipment, logistics and civil construction had the poorest performances.
Report on the hunger situation in the world indicates a decline in the number of victims. The institution’s director general, the Brazilian José Graziano, declares that it is possible to eliminate the problem.
Arab diplomats held a ceremony in honor of the Brazilian vice president Michel Temer. The latter called for an increase in trade between Brazil and the countries of the Middle East and North Africa.
Habitually on a surplus, the country’s trade balance swung to a US$ 744 million deficit last month.
The international event takes place on June 15th and 16th in the city of Bethlehem. The meeting will gather specialists in the sector from several countries to discuss trends and establish partnerships.
