The forecast concerns the next three years, according to a survey conducted by the Getulio Vargas Foundation, covering 779 Brazilian companies in January and February 2012.
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Last year, 2.7 million Brazilians switched income brackets, leaving the so-called D and E classes to become a part of the C class. Another 230,000 joined the ranks of the (higher income) A and B class
The hygiene and beauty product sector had a turnover of US$ 42 billion last year, according to the sector association. The country may have overtaken Japan as the world’s second main consumer.
Boeing, Airbus and Embraer sign agreement to develop biofuels with costs and performances similar to petroleum’s.
The Fund and the World Bank complimented Brazil on its accounts and performance through the crisis. Still, the two claim lower interest rates would help the country benefit from increased demand.
The figure represents the net inflow of foreign currency in Brazil up until the 16th of March, according to the Central Bank.
American Airlines is currently renegotiating debt. The Brazilian aircraft maker has reserved approximately US$ 300 million to cover losses with renegotiations.
The International Christian-Muslim Meeting will take place in Foz do Iguaçu, next Saturday, following the example of a Lebanese initiative. Over 7,000 people should attend.
The company announced that it has discovered good-quality oil in another block off of the shore of São Paulo.
The figure resulted from US$ 4.921 billion in exports and US$ 4.341 billion in imports.
The patriarch of the Egyptian Christians died last Saturday. In 2006, he visited Brazil to consecrate the first Coptic Church in the country.
International Monetary Fund technicians claim Palestinian Authority has to keep cost of living under control, manage unemployment and carry out projects using only funds donated to this end.
Garment sales to the region dropped 16% in the first two months, with revenues of US$ 674,000. Bikinis and dresses were sold most, but exchange rates hinder greater sales, says sector head.
The plastic processing industry recorded a US$ 1.35 billion foreign trade deficit due to exports growing at a much lower rate than imports.
