Preview of the January index from Fundação Getúlio Vargas (FGV) points to an 1.2% over December. Result differs from survey done by National Confederation of Industry.
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The goal was announced by president Abdel Fattah Al-Sisi at the World Economic Forum. The country’s GDP should be up 3.8% in 2015, according to the IMF.
With the drop in the commodity’s price, the government is considering producing more to compensate the loss of exports revenue.
Finance Minister Joaquim Levy said that policies implemented by the Brazilian government will bring back investors’ trust. The economic package raised taxes.
A poll conducted by Brazil’s National Confederation of Industry (CNI) shows that the rate of entrepreneurs who intend to make investments this year is lower than in 2014.
Watch in this episode: Arab ambassadors visit the State of Ceará; the Brazilian retail market; and the legendary Maracanã stadium, in Rio.
Werner Calçados is in talks for sales of sandals and women’s shoes to a chain store with 110 shops in the Middle East. The Rio Grande do Sul-based company exports to the Arab market for more than ten years already.
US dollar outflow from Brazil are US$ 94 million higher than inflow so far in January.
IMF reduced from 3.8% to 3.2% the GDP growth projection of the region in 2015, considering the drop of oil prices. The estimated performance, however, is still higher than the one recorded in 2014.
The surplus stood at US$ 4.6 billion last year and US$ 9.9 billion in 2013. Exports dropped by 3% and imports increased by 6%.
The index calculated by Brazil’s National Confederation of Industry hit 44.4 points in January, its weakest level ever since records started being kept.
The Fund believes plummeting oil prices will impact economic activity positively, but other factors will detract from it. The Brazilian GDP forecast has also been revised down.
Focus bulletin, Brazilian Central Bank’s survey with financial institutions, brings, for the third straight time, estimation for higher prices in 2015.
Brazilian trade balance closed with a negative result of US$ 479 million last week and increased the month’s deficit to almost US$ 1.5 billion.
