The money will be transferred over a four-year period to assist with the restructuring of Tunisian economy.
Browsing: Economy
A survey conducted by Brazil’s Fundação Getulio Vargas (FGV) shows that the economy contracted by 4.1% in the 12 months through February.
The fees on credit lines of the Exim Pre-shipment type declined 11.13% to 15.75% per year to 9.1% to 11.53% annually. The government expects the demand to reach BRL 15 billion (USD 4.32 billion).
In this year’s Q1, clients of the company received 44 aircraft. In the same period of last year, the company had delivered 32 aircraft.
The Monetary International Fund believes the country won’t achieve the primary surplus before 2020. General assessment is that global economy is slowing down.
The Organization of Petroleum Exporting Countries asserts that ‘concern’ regarding the economies of Latin America and China is one of the reasons that led to forecasts being revised down.
The data was released by the Brazilian Institute of Geography and Statistics (IBGE). The sector’s performance slowed in comparison with the same period of 2015.
As Brazil’s economy grapples with recession, José Roberto Mendonça de Barros said in a lecture at the Arab Brazilian Chamber that businesses must redouble their export efforts.
Exports to the two countries declined in Q1, both in volume and revenues. Sales overall also slid down over the same period in 2015.
The National Confederation of Industry (CNI) revised down its forecast for the Brazilian GDP in 2016, going from 2.6% to 3.1%.
In its report World Economic Outlook, the fund warns for a more modest growth of the economy and revises down the forecast for the GDP growth of Brazil and Arab countries.
Forecast for the next year calls for an increase of 5% in the sector. Analysis of Dubai’s Chamber of Commerce and Industry says there are opportunities in luxury retail.
Brazilian exports surpassed imports in the first six business days of the month, according to the Ministry of Development. Year-to-date, surplus stands at USD 10 billion.
Financial institutions surveyed by the Brazilian Central Bank are expecting a price raise of 7.14% in 2016, marking the fifth consecutive time the forecast is revised down. Last week it was 7.28%
