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.
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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%
Ministry of Development opens 30-day public consultation on modifications on nomenclature and common external tariffs of products such as CT scan equipment and acetoin.
Global exports and imports should increase 2.8% in 2016, the same level registered in 2015. It will mark the fifth consecutive year of a growth below 3%.
Through assistance program, the Fund’s technicians will help local authorities in the process of adopting reforms that result in continuous growth. The government is making an effort to revive the economy.
Statistics institute says there was a drop in 11 of 14 metro regions surveyed. The sharpest falls in industrial production occurred in Bahia and Amazonas.
The Ministry of Development launched program to increase productivity of small and medium-size companies. They will receive consulting services and adopt waste-minimizing methods.
Dollar outflow from Brazil exceed inflow in USD 2.5 billion last month, according to the Brazilian Central Bank.
Year-to-date, external sales also registered higher volumes, according to data from Q1 released by the manufacturers’ association.
Secretariat of Ports has approved investments of this order in the last five months. Estimation is for the sector to receive USD 13.93 billion until 2042, with the most part coming from the private sector.
Financial institutions revised down for the 11th consecutive time their estimation for the Brazilian economy in 2016. Last week’s forecast called for a drop of 3.66%.
Agreement signed at the end of March says that the logistics corridor of the Brazilian mining company could also be used by local companies. The goal is to export minerals mined and processed in the Arab country.
