Survey with the financial market brings an estimation of a larger decline for the Brazilian economy in 2015. Previous estimation signaled a 0.78% drop.
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This year, 19 Brazilian companies will attend Index, to be held from May 18th to 21st in the United Arab Emirates. Manufacturers exhibit furniture ranging from affordable to stylish high-end pieces.
The Gross Domestic Product closed the year at US$ 1.72 trillion, according to the IBGE. The expansion was driven by the services and agriculture sectors.
Report released this Thursday (26th) indicates that prices will go up 7.9% this year and that the economy will shrink 0.5%.
In February, Brazil sold US$ 791 million worth of machinery and equipment to foreign countries, nearly 25% down from the same month in 2014. Imports declined by almost 17%.
The index registered its third straight drop, due to worries with water and energy supply and political instability.
The foreign exchange flow was positive in US$ 762 million until March 20th. Until the 13th, it had a surplus of US$ 2.2 billion, but, in the third week, financial and commercial sectors impacted the performance.
The 0.49% increase in comparison to the same period of last year is attributed to fund transfers between private companies.
Transactions carried out in February showed a deficit, driving Brazil’s 12-month deficit to US$ 89.9 billion.
Credit rating agency Standard & Poor’s has reaffirmed the country’s investment grade status.
In the third week of March, imports overcame exports in R$ 199 million (US$ 62.5 million). The balance year-to-date is negative in US$ 6.288 billion.
This week’s Focus Bulletin shows a surplus estimation of US$ 3.5 billion for the Brazilian trade balance in 2015, against a projection of US$ 3 billion last week.
On April 14th, economist José Roberto Mendonça de Barros will talk about the economic scenario of the country, including exchange rate issues, foreign trade and commodities’ prices. Registrations are open.
The North American currency registered a depreciation of 2% this Friday (20th), after a week of instability in the financial market.
