Economic activity was up 0.36% from January, based on an index from the Brazilian Central Bank. In the first month of the year, activity slowed down from December 2014.
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The institution had a 15% increment in earnings in quarter one this year from quarter one of last year. In the first three months of 2015, the bank posted US$ 321.5 million in profit.
According to the agency, 4% is the estimate for world trade growth in 2016. In a statement released this Tuesday (14th), the organization indicates that it doesn’t expect an expressive expansion in the short term.
The Fund expects 0.9% growth in Latin America and the Caribbean in 2015, barring Brazil, which should experience a slowdown. The forecast for 2016 is one of improvement.
The US$ 132 million surplus recorded in the first two weeks of the month in Brazil was the outcome of US$ 5.053 billion in exports and US$ 4.921 billion in imports.
Consumer demand in Brazil increased by 16.7% from February and 14.9% from March of last year.
Bulletin from the Central Bank shows financial analysts’ inflation forecast for this year: 8.13%. The prior estimate was 8.2%.
Director-general of the agency says that the number of people unemployed or working informally can rise due to the economic slowdown.
The Fund’s assessment is that the country’s economy is experiencing a delicate moment, but should start recovering towards the end of this year and rebound into growth as early as 2016.
The credit rating agency has kept the country’s sovereign rating at BBB, but downgraded its outlook from stable to negative.
Percentage was measured during December, January and February and it’s the highest since the period of March to May in 2013.
The event Outlooks of the Brazilian Economy, scheduled for April 14th, was postponed, with a new date to be set.
To Duncan Watson, executive of the company, a high-priced North American currency can help elevate the volume of cargo carried from Brazil.
The region’s GDP should increase by a mere 1% this year, the organization says. The previous projection, issued in December, was 2.2%.
