The cost of internationally traded staples increased in February from January and in the 12 months through February.
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There was a 2.4% decline over December, according to the Brazilian Institute of Geography and Statistics (IBGE). It was the sharpest decline since February 2016 and it interrupted a sequence of positive results.
Financial institutions polled by the Brazilian Central Bank expect prices to go up 3.70% this year, in the fifth straight week-on-week decline. The GDP forecast also improved.
The total of registered jobs created is the highest for the month since 2012. However, average wages, declined.
The Ministry of Culture launched this Thursday (1) a guide focusing on encouraging cultural entrepreneurs to expand their businesses abroad.
The African airline will offer daily flights from São Paulo to Addis Ababa and wants to attract passengers heading to the Arab destinations it serves, such as Dubai, Egypt and Jordan.
Last month, 157,000 units were sold in Brazil, an increase of over 15% in comparison to February 2017.
The economy’s official growth rate was released this Thursday (1) by the Brazilian Institute of Geography and Statistics (IBGE). The Gross Domestic Product reached BRL 6.6 trillion (USD 2.08 trillion) last year.
Sales to the region were up 8% year-on-year. The CEO of the Arab Brazilian Chamber of Commerce said this was a ‘great’ result for this time of year.
The organization released a report on Brazil this Wednesday. It also recommends an increase in the amount of funds made available for income transfer programs.
Unemployment rate reached 12.2% in the quarter ending in January, according to survey by the Brazilian Institute of Geography and Statistics. It remained stable over the previous quarter, August to October.
The Brazilian central government (National Treasury, Social Security and Central Bank) managed to save over USD 9.5 billion for paying interest on its debt.
The financial market’s forecast points to a 2.89% growth this year and 3% growth in 2019 for the Brazilian economy. The forecast for 2018 improved in comparison to last week.
Expenditure by citizens from Brazil in other countries came out to USD 2 billion last month, the Central Bank said. It was the biggest amount since January 2015.
