Such is the increase in prices that consumers in the country are expecting in the next 12 months.
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The debt from BRL 3.032 trillion (USD 910 billion) in October to BRL 3.092 trillion (USD 928 billion) in November, according to data from the National Treasury.
The goal is to foster jobs creation and growth in the Arab country. The African Development Bank has made USD 500 million in financing available.
The Brazilian Central Bank expects the country to register a trade surplus of USD 44.5 billion this year against the previous forecast of USD 49 billion, due to the decline in exports.
Brazilian travellers spent a combined USD 1.2 billion in other countries in November, the lowest amount since May. Brazil’s current account deficit last month was lower than expected.
The Immigration Museum of São Paulo State and the university ESPM launched a digital collection with content produced by immigrants since the 1990s. In all, 119 initiatives have already been registered.
Federal tax revenue in Brazil reached USD 30.2 billion last month, an amount 0.1% higher in real terms than in November 2015.
The Arab billionaire’s Orascom TMT has put forward an alternative debt restructuring plan for the Brazilian telecommunications company.
Brazilian exports reached USD 8.785 billion in December’s first three weeks, while imports totalled USD 7.057 billion.
Financial institutions expect the Brazilian economy to grow 0.58% next year. Last week’s forecast had the growth at 0.70%.
Samba, from Minas Gerais, will manage hotel Bossa Nova Beirut, set to open next year in the capital of Lebanon. A company executive is seeking for new opportunities in the Middle East.
Brazil in Lebanon Friendship Group comprises 62 women who organize events and carry out assistance work in the Arab country. They work with Lebanese females to help out at schools, nursing homes and orphanages.
The country registered a net inflow of USD 2 billion from January to November, down 28% from the comparable period in 2015.
An indicator compiled by organizations IBRE/FGV and TCB edged up in November from October to 100.2 points. It anticipates short-term economic trends.
