According to a survey from Brazil’s National Confederation of Industry, production and employment declined in May.
Browsing: Economy
A press release issued this Monday (22nd) says the local government faces wage bill, balance of payments and international reserve maintenance issues. The country is also plagued by an energy crisis.
Brazilian exports exceeded imports in US$ 565 million last week. Year-to-date, the balance is also positive.
The amount stood at US$ 8.3 billion from January to May, a 21% drop over the same period of last year.
The financial market has revised its economic retraction projection for Brazil from 1.35% to 1.45% in 2015, as per a Central Bank poll of Brazilian banks.
Belatriz’s pieces are shipped to Saudi Arabia, Tunisia, Mauritania and Libya. Gold-plated and stones sets are the favorites of customers in the region, which also buys customized pieces.
From January to May, the Brazilian Development Bank (BNDES) disbursed R$ 54.8 billion (US$ 17.7 billion). Infrastructure and industry received the majority of the investments.
The budget to be sent to the president’s approval allocates 49% of public spending to social programs in the 2015/2016 fiscal year that starts in July, and expects a 5% GDP growth.
Several products had their import tax lowered and extended, among them the metal used in the drilling of the pre-salt layer, iron-molybdenum.
An International Monetary Fund delegation says the country is evolving economically and forecasts growth over the next few years, with the caveat that the country must not rely on donations as much.
US dollar outflows from Brazil were higher than inflows by over US$ 1 billion last week, tipping the monthly result to a deficit.
The Brazilian Civil Aviation minister said a program earmarks R$ 7.3 billion investment in increasing local airports from 80 to 270 in the country. The goal is to start floating tenders this year.
The Brazilian minister of Development claims the national export plan should be announced by the end of this month. Simpler customs processing should be one of the measures.
São Paulo-based hair products company Sweet Hair already exported to the UAE and now it has inked distribution deals for Kuwait, Oman and Saudi Arabia. There are plans to break into Lebanon and Morocco too.
