Sherif Ismail, the country’s Oil minister, has announced that output is expected to increase by over 14 million cubic metres per day.
Browsing: Economy
Survey by the Foundation Getúlio Vargas shows that companies expect to spend less in comparison to previous 12-month period.
According to the International Monetary Fund, tourism and real estate sector are ensuring the economic recovery of the country.
The auto parts manufacturing company from Rio Grande do Sul has inaugurated a distribution centre in Dubai to serve local clients. The enterprise plans on providing faster services and entering new markets.
The Dubai-based airline has cancelled the purchase of 70 units of the A350 model aircraft, which should start flying toward the end of this year.
Country signed agreement with International Trade Centre. According to document Brazil will introduce measures to reduce bureaucracy and time spent in export and import operations to African nations.
The World Bank has revised down its growth estimate for developing economies from 5.3% to 4.8% and recommends further structural reforms.
Weekly pool of analysts shows Brazilian GDP growth estimate of 1.44% for this year. Last week, estimate was 1.5%.
Surplus was the result of Brazilian exports of US$ 5.322 billion and imports of US$ 4.596 billion last week.
Survey by Serasa Experian shows a 0.8% increase in Brazilian retail sales last month, as against 1.6% in April.
The decline took place in May from April, according to the Central Bank. In the 12-month period ended May, prices were up 14.07%.
According to monthly results released by the Brazilian Institute of Statistics, production was down 0.3% from March 2014 and 45.8% from April 2013.
The minister of the General Secretariat of the Presidency, Gilberto Carvalho, said the World Cup is fuelling the economy of the municipalities that will host matches, the international crisis notwithstanding.
Revenues were up 2.7% in April from March and down 4.6% April-on-April, as per a survey from Brazil’s National Confederation of Industry.
