November result in Brazil is the worst for the month since records started being kept in December 2001. The number encompasses the federal, state and municipal governments and state-run companies.
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IMF points out that the Arab country is making investments in infrastructure, however the debt is increasing and the banking sector is weakened.
The General Market Price Index (IGP-M), used as basis for rent adjustment, declined from 1.52% in November to 0.49% in December. In the year, in a comparison to 2014, it went up.
The Brazilian trade balance showed a USD 2.024 billion surplus in the fourth week of December, driving year-to-date surplus to USD 18.6 billion.
Brazil’s Social Security, Central Bank and National Treasury accounts registered a deficit of BRL 21.278 billion (USD 5.51 billion), the worst result since 1997.
The government of the Arab country hopes that the commodity’s low prices will help reduce the budget deficit already in the 2015/2016 fiscal year.
Such is the Brazilian Central Bank’s 2016 recession forecast, based on a poll of financial institutions. The estimate for 2015 remained flat at 3.7%.
The Summer 2016 collection of the Brazilian beachwear fashion brand was inspired by the Moroccan beach town. Tapestry, spices and local nature were some of the elements used for the creations.
Expansion of highways, railways and a new airport will be carried on to increase the country’s transportation capacity.
The Brazilian Central Bank released new Gross Domestic Product (GDP) projections this Wednesday (23). Next year, 1.9% shrinkage is expected, with agribusiness growing 0.5%.
According to the Letter of Conjuncture by economic research institute Ipea, indicators of the Brazilian economy remained in decline from July to September. Good news came from oil and gas output and mineral extraction. Trade balance had a good performance.
The estimate for 2016 is from the Brazilian minister of Development, Industry and Foreign Trade Armando Monteiro. He also said mineral commodity prices are likely to stay flat next year.
Last week, Brazil exported more than it imported, generating a positive result for the trade balance. Year-to-date until December’s third week, there is a surplus of USD 16.6 billion.
In November from October, Brazil’s debt widened from BRL 2.64 trillion to BRL 2.71 trillion (USD 661.9 billion to USD 679.4 billion), the National Treasury Department reported.
