Declining activity and uncertainty stemming from the world economy have caused Brazilian businessmen to revise their outlook for next year downwards.
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From January to November, there were 8.26 million international arrivals in Brazil. The figure is 14% higher than in the same period of 2010.
Micro and small companies in São Paulo should end 2011 with a 3.5% increase in revenues compared with last year, according to a Brazilian Micro and Small Business Support Service (Sebrae) survey.
The bloc’s member countries may raise the import tariffs on 200 different items by up to 35% for products supplied by third-party countries. The Brazilian list should include chemicals.
The Brazilian Finance minister Guido Mantega stated that the government will use the necessary mechanisms to prevent the country’s currency, the real, from appreciating against the dollar again.
Current transactions in Brazil ran a US$ 6.8 billion deficit in November, resulting in a year-to-date deficit of US$ 45.8 billion, according to the Central Bank.
The decline in Libyan oil production and exports due to the civil war has caused losses of US$ 20 billion. The country, however, is already producing 1 million barrels per day.
The Brazilian balance of trade went back to a surplus last week, at US$ 542 million, after having run a US$ 731 million deficit in the preceding week.
After meeting with the president of the world’s newest country, the International Monetary Fund’s managing director claims, however, that the nation is able to realize the dreams of its population.
Around 40 Arab buyers will visit the largest shoe and leather product fair in Latin America in January. The presence of businessmen from the region grew 45% from 2010 to 2011.
The bus body manufacturer based in the state of Rio Grande do Sul estimates that 200 units should be made at its factory in 2012. This year, the volume was lower than that due to the Arab Spring.
The Brazilian president Dilma Rousseff stated that her economic growth target for 2012 is 5%. She showed optimism and said inflation will remain under control.
The increase took place over five years. Foreign investment portfolio reached US$ 660.5 billion by December 31, 2010, according to the Census of Foreign Capital in Brazil, issued by the Central Bank.
Revenues with shipments grew 21% over the same month last year, but dropped 5% in comparison with October 2011.
