The increase took place in Q1, according to the World Trade Organization. Exports went up 0.4% while imports increased 0.9%.
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The Brazilian Central Bank’s Economic Policy director said the raising of the benchmark interest rate to 13.75% did not suffice to steer the price index toward the target’s 4.5% midpoint in 2016.
Applied Economics Research Institute points out that the government’s fiscal adjustments are taking their toll, as unemployment and inflation climb, but the benefits will only come in the medium-to-long run.
The four Phenom 100 jets will be used for pilot training at the airline’s school in Abu Dhabi. Another three purchase options of the same model could be exercised.
According to a survey from Brazil’s National Confederation of Industry, production and employment declined in May.
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.
