The new phase of Logistics Investment Program was launched this Tuesday (9th) and should help unlock Brazil’s economic potential. Private investments will be made in roads, railways, ports and airports.
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Foreign sales by automakers operating from the country increased in May from April and helped improve year-to-date performance. However, the basis of comparison is too low, says a specialist.
In May, sales at Brazilian stores were 0.6% higher than in April and 3.4% higher than in May of last year.
The sale of an oil rig helped drive export revenues up and reduce the country’s trade deficit year-to-date.
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%.
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.
