According to a Central Bank survey, financial market analysts have revised their 2012 GDP growth estimate downward from 3.3% to 3.27%.
Browsing: Economy
Maramiah–Arabic Salt and Soul opens its doors aiming to bring together, in the same space, Arabic gastronomy and culture. The restaurant should show movies and participate in social campaigns.
A mission of the International Monetary Fund will meet with local authorities in Cairo to discuss the possibility of aiding the country in addressing financial issues.
Expectations are for the growth of the Brazilian economy in 2011 to remain well below the 7.5% registered in the previous year. To the institute, the European crisis should continue affecting Brazil.
The Federation of Industries of the State of São Paulo claims that the sector will go from a ‘melancholy performance to a mediocre one.’ There was a decline in jobs in 2011.
Straight from Goiânia, Diáfana Lingerie started exporting just two year after it was opened. And the company invests in different services for each country as a way to win new markets.
Brazilian aircraft manufacturer will exhibit at the Bahrain International Air Show, from January 19 to 21. The company will advertise its commercial jets and showcase the Embraer 175 to visitors.
The Confederation of Brazilian Hides and Skins Industries says the country sold US$ 2.05 billion last year and that Rio Grande do Sul was the main exporter. China was the main buyer in the period.
In Brazil, nearly 200,000 imported units were sold in 2011. This year, however, a decline is expected as a result of a tax raise.
The Brazilian aircraft manufacturing company delivered 204 aircraft last year, as against 246 in 2010. Sales, however, increased by 28% and reached a total of 124 jets.
The outflow of foreign currency exceeded the inflow by US$ 707 million in the first week of January, according to the Central Bank.
Brazilian exports generated US$ 3.539 billion in the first week, reduction of 2.3% over January 2011 in the daily average. Imports totalled US$ 3.644 billion and the country had a trade deficit.
The country has expanded destinations for exports over the last decade, but basic products have gained importance in business, whereas manufactured products have reduced their share.
The Extended Consumer Price Index reached 6.5%, the upper limit of the government’s target range. The president of the Central Bank, however, said that now the scenario is one of decline.
