Economists consider the measures taken by the government of Brazil to foster industry, especially the auto sector, good, but say that the effects should not be broad like those seen before.
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Brazil’s Gross Domestic Product is expected to be higher than the global average, but lower than the official forecast, according to Development minister Fernando Pimentel.
Imports amounted to US$ 4.337 billion during the same period, resulting in a trade surplus of US$ 761 million.
The deputy managing director at the IMF, Nemat Shafik, stated that the countries of the Middle East and North Africa must generate more jobs, reduce deficits and seek growth of their economies.
Analysts expect the Brazilian economy to grow by 3.09% in 2012. The estimate is lower than the previous one, which was 3.2%.
Despite exchange rates, with each dollar selling for R$ 2, economists heard by ANBA believe that Brazil will not repeal mechanisms of recent months to contain appreciation of the Brazilian currency.
A study by consultancy company Hays shows that South America is attractive to sector professionals from other countries. Brazil pays them an average of US$ 106,700 a year.
In the FAO convention in Rome, countries in the Middle East and North Africa called for help from the institution to reduce food losses by half and guarantee food safety.
Economic activity was up 0.15% in quarter one compared with last quarter of 2011, but down 0.23% compared with the same period of last year. Government maintains 4.5% 2012 GDP growth projection.
That was the number of positions opened in the country in April, according to the Ministry of Labour. There was a 20% decline over the same period of 2011.
The good economic situation in Brazil causes immigrants to arrive in ever-growing numbers. According to the Ministry of Justice, as of last year there were 1.46 million legal aliens in the country.
The institution believes that in 2011 the local economy was benefited by greater oil prices and by the growth of Asia, but recalled that local companies have many debts due in 2012.
The expectation index regarding social-economic performance in the country remains high, but there was a reduction from March to April, according to a study by the Ipea.
In Brazil, the volume of outgoing foreign currency outstripped that of incoming foreign currency by US$ 639 million. The result was mostly a consequence of financial operations.
