The country’s economy grew despite the oil price slump, according to the World Bank. In 2017, however, growth is expected to slow to 1.5%.
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In the second week of April, exports reached USD 4.075 billion and imports amounted to USD 2.246 billion, the Ministry of Industry, Foreign Trade and Services reported this Monday.
Brazilian Central Bank index edged up in February from January. Seasonally adjusted figures showed 0.52% growth.
The second edition of the festival ‘One Day in Arabia’ includes gastronomy, dances and crafts from the Middle East in two days at Ceret park. With stands organized by refugees, the event takes place on April 22 and 23.
The sector grew from February to January according to the Brazilian Institute of Geography and Statistics (IBGE). Highest growth rates were registered in Rondônia, Mato Grosso and Acre.
Brazilian footwear exports to the region declined in the first quarter of this year from Q1 2016. However, sales increased to Bahrain, Syria, Mauritania, Oman, Algeria, Qatar and Tunisia.
The organization believes that world trade will grow 2.4% in 2017 and up to 4% in 2018, against only 1.3% in 2016.
Foreign sales from Brazil reached 17,400 units in the first quarter, a relevant increase over the comparable period in 2016. Whole-year exports are seen reaching 93,000 motorcycles.
Sales declined month-on-month and year-on-year in February, according to the Brazilian Institute of Geography and Statistics (IBGE).
Industrial production increased 0.1% in February over January, with growth being registered in nine of 14 areas surveyed by the Brazilian Institute of Geography and Statistics (IBGE).
The UN agency opened a training center in Beirut, Lebanon where courses and seminars will be made available to professionals from Algeria, Morocco, Tunisia, Egypt, Jordan, Palestine, and Yemen.
The credit rating agency raised the Brazilian state-run oil company’s grade to B1 with a positive outlook. Petrobras now sits four grades below investment grade.
There was a surplus of USD 1.596 billion in the month’s first week, with USD 4.688 billion in exports and USD 3.092 billion in imports.
Financial institutions lowered their growth estimate for the Brazilian GDP for this year from 0.47% to 0.41%. The data is part of the weekly survey conducted by Brazil’s Central Bank.
