The three-day event promoted by the government had as its goal to show the economic potential of the country and attract interests of investors.
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In the second week of March, Brazil posted a US$ 24 million trade deficit. Year-to-date, the deficit reached US$ 6.089 billion, according to data from the Brazilian Ministry of Development, Industry and Foreign Trade.
As per a Central Bank poll of financial institutions, the economy is expected to contract by 0.78% in 2015. The inflation rate estimate is also higher than previously expected.
The decline occurred in January over December. In a comparison with the same month of last year, the drop was of 1.34%, according to the Central Bank.
The event will take place in São Paulo on March 30th, focusing on economic scenarios in Arab countries and Brazil and business opportunities.
Total foreign sales revenues declined by 23% in January and February. Some countries, such as the United Arab Emirates, however, stepped up their imports.
An executive with the company has said reduced spending on fuel should help bring revenues back to expected levels and meet income targets.
International personalities, business executives, government officials and multilateral organizations will convene for a three-day meeting. The country wants to convey an image of stability and draw investors in.
President Dilma Rousseff said the government is considering transferring to the private sector the airports in Porto Alegre, Salvador and Florianópolis.
Thaisa Storchi Bergmann and Rajaâ Cherkaroui El Moursli won the For Women in Science award in their regions. They will attend the ceremony next week in Paris.
Regional female entrepreneur associations are sponsoring an event in Egypt from April 14th to 17th. The meeting is backed by the League of Arab States and the FAO.
Brazilian economic growth in 2011 has been raised from 2.7% to 3.9%. The new calculation incorporates changes suggested by multilateral institutions.
A poll from Fundação Getulio Vargas shows 27% of industrialists plan on increasing investments. They are, however, outnumbered by those with a negative outlook.
The United States currency was up 2.4%, for the sixth straight day. One of the reasons was uncertainty surrounding the Brazilian economy.
