GDP was up in 2019, driven by investment and household expenditure, Fundação Getulio Vargas’ GDP Monitor report shows. The index is not the official GDP.
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Brazil’s economy grew year-on-year in 2019, as per the Brazilian Central Bank’s Economic Activity Index.
A survey from the Brazilian Institute of Geography and Statistics (IBGE) shows that the growth was driven by computing and communication services.
At the end of his mission to the UAE, Doria announced the investment from UAE funds to São Paulo-based companies expected for the next 18 months that resulted from the trip. Viação Itapemirim closed an investment of USD 500 million.
Last year Brazilian retail trade grew from a year before, but percentage was lower than the one posted in the two previous years.
Such was the result as of the end of 2019. The country is working to get its finances in order amid a volatile oil market.
Prices are seeing going up 3.25% in Brazil this year, as per a Brazilian Central Bank poll of financial institutions. The number is lower than that of last week.
The Qatari airline’s CEO said the company is considering doubling its interest in the Chilean company created by a merger of Chile’s LAN and Brazil’s TAM.
The rate is the lowest for the month since the implementation of Plano Real in 1994.
Ministry of Infrastructure believes that the money will be invested over the next five or six years through concessions.
An IMF report urges Gulf Cooperation Council member countries to tailor their fiscal policies to match the commodity’s prices, which are expected to decline in the next two decades.
Brazil’s BNDES will let go of its stake in the oil company as part of a divestments program designed to reallocate resources to more socially impactful projects.
Dubai-based global port terminal operator handled 71 million TEU last year.
Brazilian market consumed 32.8 billion liters of ethanol last year, mostly of the hydrated kind, which is used pure as fuel.
