Financial institutions predicted a 1.40% growth for the Brazilian economy this year, below last week’s forecast.
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A poll by Ernst & Young shows that 33% of 2,700 respondents from medium-sized businesses envision strong expansion this year.
Brazil’s Scanmetal manufactures civil construction tools, including wheelbarrows and scaffolding. Now, it’s intent on selling to Arab countries.
The expo began this Thursday evening in the capital of Syria. An area organized by the Arab Brazilian Chamber of Commerce and the Embassy of Brazil was visited by 50 Arab executives.
The North American currency dropped 0.95% this Thursday. However, in the week, it has gone up 0.78%.
Middle East Stone, which ended this Thursday, featured 19 Brazilian companies. Deals could reach USD 5.8 million in the next 12 months.
Dubai and Abu Dhabi accounted for 85% of the total of business registrations issued in the Arab country from January to August.
The Gross Fixed Capital Formation (GFCF) IPEA indicator fell over June, but went up over the same month of 2017
The Extended National Consumer Price Index (IPCA) dropped 0.09% last month.
The Brazilian Foreign Ministry’s outgoing undersecretary general for Africa and the Middle East, who’s about to take office representing Brazil in the FAO, diplomat Fernando Abreu hails the outlook for triangular cooperation with Arab countries. He was welcomed by Arab Chamber executives this Tuesday.
The country saw a USD 12.5 billion trade deficit from January to July. Both imports and exports went up in the period.
From January to July of this year, the country’s foreign purchases totaled USD 5.2 billion.
The country shipped 397,000 tons abroad, down 4.6% over the same month of 2017. However, the volume surpassed 2018’s monthly average.
The international trade show is taking place this week at the Dubai World Trade Centre in the United Arab Emirates. The Arab Brazilian Chamber of Commerce is involved.
