Hike was 0.7% from June to July, after a five-consecutive-month decline. Durable consumer goods drove the increase.
Browsing: Economy
Brazilian foreign trade recorded a surplus for the sixth straight month in August and bounced back from year-to-date deficit for the first time in 2014.
Brazil’s economy should grow by 0.52% in 2014, if financial institutions’ forecasts prove true. This was the 14th consecutive downward revision of expectations.
The state-owned Saudi company will be one of the participating companies in Rio Oil & Gas. The fair will feature 1,300 exhibitors and 55,000 visitors are expected.
The US$ 217 million instalment is part of an agreement signed in 2013. The Fund says the economy is growing slowly, but acknowledges the fact that structural reforms are being implemented.
Watch in this episode: Arab ambassadors visit Santa Catarina state; how to welcome an Arab guest; Professor Claudio Jorge Monteiro from the FGV School of Economics; and the Apas supermarket trade fair.
Technicians from the International Monetary Fund and delegates from ten Arab countries met in Beirut to discuss ways to improve tax and customs management.
Industry weighed down on the country’s economy in quarter two with a 3.4% decline. In the twelve-month period leading up to June, GDP was up 1.4%.
The organization has accepted the Arab Chamber’s project to streamline and cut costs in product sales processes to Middle East and North Africa countries.
The projection is part of Brazil’s Budget Bill for next year. The minimum wage will be raised by 8.8% to US$ 348.18.
A survey conducted by Dom Cabral Foundation shows that Brazilian companies attained a higher rate of internationalization in 2013 than in 2012. Construction company Odebrecht now tops the ranking.
In the month, bonds worth US$ 35.9 billion matured. Besides, the month had less business days due to Brazil’s hosting of the FIFA World Cup, therefore less bonds were issued.
According to a survey conducted by the Getúlio Vargas Foundation, August was the eighth straight month in which the sector’s assessment of economic conditions worsened.
The volume of credit operations increased from June and reached nearly US$ 1.223 trillion. Funding to private individuals had the best performance.
