Survey of the Brazilian Central Bank with financial institutions indicates an expectation for a 1.3% decline for Brazil’s GDP in 2015. Last week estimation was of 1.27%.
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The event occurs on June 14th, 20th and 21st at the Immigration Museum, in the city of São Paulo, featuring handicrafts, cuisine and dances from several countries, with Arabs among them.
Report from Unctad shows that foreign direct investments even quadrupled in least developed countries between 2002 and 2014.
The IMF assigns this negative performance to the oil price decline, but states that the country is capable of making a fiscal adjustment because of the great wealth accumulated with exports of the commodity.
US dollar outflows exceeded inflows by US$ 2 billion in Brazil last month, the Brazilian Central Bank has reported.
The OECD’s estimation indicates average growth of 2.4% for the economies of Brazil, Russia, China, India and South Africa this year and a higher percentage for next year.
The web page allows exporters and importers to gain access to information about trade agreements, tariffs and rules for the purchase and sale of products.
Foreign sales declined year-on-year in quarter one, according to the Inter-American Development Bank. Only three countries in the region saw an improvement in foreign sales performance.
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.
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.
