The International Monetary Fund forecasts a fiscal deficit worth 20% of GDP in 2015 and says the government will need to make a fiscal adjustment.
Browsing: Economy
Although May’s balance registered a surplus, Brazilian exports continued to fall in comparison with the same period in 2014.
Brazil produced 2.4 million barrels of oil per day in April, down 0.8% from March. Pre-salt layer extraction, on the other hand, went up.
A poll shows that the Central Bank is expected to raise the benchmark interest rate, known as Selic, by 0.5 percentage point this week, which will drive the per annum rate to 13.75%.
The Brazilian oil company accounted for 89.2% of investment by all federal government-run companies in the first four months of this year. Said companies have spent 17.9% of this year’s budget.
In the first three months of this year, the Gross Domestic Product was down 0.2% from Q4 2014. Year-on-year in Q1, there was a 1.6% decline. Agribusiness performance improved.
It was a 1.3% decline over Q4, according to Brazilian statistics institution. It was the seventh straight drop in this kind of comparison.
After a lengthy career, Algeria’s Abdelhamid Rahmani decided to settle down in Brasília and opened Louzia Doceria Fina, a shop specializing in typical delicacies from his home country.
Brazil’s US$ 4.58 billion primary surplus from January through April was the lowest for the period since 2001, based on National Treasury numbers.
An International Labor Organization study shows 338,000 people were jobless in the occupied territories in 2014.
The airline from the Emirates achieved a 52.1% net profit growth in 2014 with US$ 73 million. Revenues increased 26.7% and the company carried 14.8 million passengers.
The former Brazilian president and the diplomat considered the possibility of Brazilian executives paying a visit to the African country this year.
The Brazilian minister of Planning said the country’s economy should see 1% growth next year. The previous official projection was 1.3%.
Foreign sales by the Brazilian capital goods industry slowed down last month and in the 4-month period through April. Agricultural equipment, logistics and civil construction had the poorest performances.
