The Brazilian monetary authority believes the economy will see 1.6% growth in 2018, down from a prior 2.6% estimate.
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The government saw BRL 603.4 billion year-to-date through May. One of the factors driving the hike was instalment payments by debtors.
The number of active enterprises in the country by the end of 2016 was 5.05 million, according to the Brazilian Institute of Geography and Statistics (IBGE). The number is down 1.3% from 2015.
Foreign sales from Brazil came out to USD 520 million on the back of a road transportation industry strike. Industry association Abimaq is expecting a recovery.
For the first time ever, the e-book app and devices will offer works in Arabic language.
Small- and medium-sized enterprises also employ 42% of the emirate’s total workforce, as per estimates from the CEO of Dubai FDI.
Purchases of chemical products reached USD 15.6 billion from January through May in Brazil. The trade deficit is causing concern in the local industry.
The surplus is the result of USD 5.2 billion in exports and USD 3.2 billion in imports. Basic goods and semi-finished products had an increase in sales.
In May, the current account surplus was USD 729 million. Year-to-date, however, it has a USD 4 billion deficit.
The economic expansion estimate from financial institutions polled by the Brazilian Central Bank has moved down for the eighth straight week, this time to 1.55%.
Sales will continue into next week in a bid to curb the hike of the US dollar relative to the real. The North American currency gained 0.53% during this week.
It was a unanimous decision, taken this Friday by the organization within a scenario of rising international oil prices.
The Arab country’s economy will see 1% to 1.5% growth in 2018 before eventually reaching 3% in the medium term. With a heightened public debt, it needs international aid in welcoming Syrian refugees, the Fund said.
Brazil’s five biggest government-owned enterprises had a 44.8% increase in profit during the first quarter of this year.
