Brazil’s Gross Domestic Product reached BRL 1.47 trillion from January through March as per a survey from the Brazilian Institute of Geography and Statistics (IBGE). All three sectors of economy contracted.
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The autonomous region in the North of Iraq is receiving more refugees and internally displaced people due to the conflicts in the region, but it can resume inclusive growth, according to the World Bank.
Brazil’s Federal Revenue has enacted a rule slashing the withholding tax on cash remittances to foreign countries for purposes of covering personal expenditures.
After two consecutive months with a deficit, the consolidated public sector registered a surplus in April.
Brazilian timber industry revenue was up 7.3% from January through April this year to USD 2.6 billion. The top-selling product was pulp.
The projection of price increases from financial institutions polled by the Brazilian Central Bank went up slightly this week, from 7.04% in the last one.
Brazil’s political and economic scenario calls for cautious managerial decision-making, but also for attention to opportunities. The subject will be discussed by executive and consultant Fernando Curado on June 14th at the Arab Chamber.
Under a partnership deal, the Fund’s technicians will provide guidance to Somali authorities in structuring the economy towards reducing indebtedness and later enabling access to credit.
The decline took place in April from March. The Brazilian National Treasury reported that both internal and external indebtedness levels shrank.
The Abu Dhabi-based airline and partner companies raised the funds through the issuance of bonds in the market.
Brazil shed 62,844 jobs last month. Despite being the 13th straight monthly decline, it was the smallest one.
The German automaker has chosen Brazil to supply medium-sized trucks to Arab countries as part of its global strategy. Sales to the region began in late 2015 and are expected to amount to at least 1,000 units a year.
Brazil registered a surplus of USD 412 million in current accounts in April. Trade balance had a strong impact in the result.
Travelers spent USD 1 billion in other countries in April, way below the USD 1.6 billion spent in the same month of last year.
