IMF states that the country is able to ‘mitigate’ the impact of lower oil prices and that non-oil sectors continue to expand.
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Report by the organization signals a stability of global GDP rather than sustainable recovery. In the country, unemployment, fiscal adjustment and indebtedness inhibit growth.
Crude steel output in Brazil slid 9.2% last year, with rolled products output dropping 7.7%. Both exports and imports also declined.
The estimate for the growth of the Brazilian economy in 2017 was cut in 0.3 percentage point to 0.2%. Saudi Arabia growth estimate was cut in 1.6 percentage point to 0.4%.
With USD 2.919 billion in exports and USD 2.799 billion in imports, January’s second week registered a trade surplus.
Consumer demand was driven by the need to pay pre-existing debts, according to survey by consulting firm Serasa Experian.
Financial institutions believe the Selic, the benchmark interest rates, will slid to 9.75% by the end of the year, against the current 13% rate.
The Gulf airline will hold a selection process for flight attendants in Belo Horizonte on January 21. Applicants are required to speak English fluently.
Held at the Jurerê Internacional beach, in Florianópolis, event gathers exhibitors from many countries and regions.
The sector’s revenues increased 4.5% in November 2016 over October. However, employment, average wage and average income declined.
The Moroccan port handled a total of 44,615,849 tons of cargo. The transportation of vehicles, oil and passengers all increased in the period.
The minister of Mines and Energy, Fernando Coelho Filho, said that bidding rounds for the concession of onshore, pre-salt and post-salt blocks should take place this year.
Performance of the sector in Brazil registered a 0.1% increase from October to November 2016. Year-to-date until November, however, it declined 5%.
Decision by the Monetary Policy Committee (Copom) was unanimous. The 0.75 percentage point cut is the deepest since 2012.
