Worldwide imports increased by only 1.7% in 2015, according to preliminary World Bank data. The preceding year had seen 3% growth. The downturn was prompted by commodity prices and weaker demand from China.
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A survey from the Brazilian Institute of Geography and Statistics (IBGE) shows that output was up in eight out of 14 areas in January 2016 from December 2015.
Brazil’s Extended Consumer Price Index climbed 0.9% last month, down from 1.27% in January.
The United States currency closed this Tuesday selling for BRL 3.738, a 1.45% drop over Monday. The São Paulo Stock Exchange index Ibovespa was down 0.29%.
As Brazil’s economy grapples with recession, José Roberto Mendonça de Barros said in a lecture at the Arab Chamber offices that businesses must redouble their export efforts.
In the first week of March, the country registered USD 3.12 billion in export revenues, with imports clocking in at USD 1.8 billion.
Companies affiliated with a project by the associations Abihpec and Apex-Brasil grossed USD 162.6 million in foreign sales revenues last year. The share of Arab countries in total sales went from 2.5% to 3.3%.
Financial institutions polled by the Brazilian Central Bank expect prices to be 7.59% higher by the end of 2016.
The entrepreneur Ho Mien Mien makes semi-precious jewelry out of golden grass and Brazilian stones, as well as gold-plated items, which she sells domestically and abroad. The plan is to increase exports.
An event held by the Brazil-Lebanon Culture Institute will feature activities involving Lebanese art and cuisine from March 10th to 12th in Rio de Janeiro.
Last month, 36.4 thousand units were shipped from Brazil to foreign countries, a 16.7% increase over February 2015.
Brazilian industry output was up 0.4% in January from December of last year, but plummeted by 13.8% compared with January a year ago.
The Brazilian Ministry of Foreign Affairs is organizing a diplomatic and business mission to the two Arab countries and Ethiopia from March 8 to 11. Foreign minister Mauro Vieira will head the delegation.
The Brazilian aircraft manufacturing company grossed in excess of BRL 20 million in 2015, up 36% from 2014, but net income was down nearly 70% to USD 241.6 million.
