Last year, 887,600 units were produced in Brazil. Exports declined 14.6% in the same period.
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The indicator, measured by the National Commerce Confederation for Goods, Services and Tourism, declined 1.7% in January.
Fashion designer Vanessa Montoro created six unique models of abayas that she wants to introduce to the Arab market. The pieces can be customized according to the fashion of the buying country.
More than ten buyers from the Middle East are attending the fair that runs until Thursday in São Paulo. Walid Tarabey, from Dubai, is one of them – and it’s his first time in Brazil.
IMF states that the country is able to ‘mitigate’ the impact of lower oil prices and that non-oil sectors continue to expand.
Report by the organization signals a stability of global GDP rather than sustainable recovery. In the country, unemployment, fiscal adjustment and indebtedness inhibit growth.
Crude steel output in Brazil slid 9.2% last year, with rolled products output dropping 7.7%. Both exports and imports also declined.
The estimate for the growth of the Brazilian economy in 2017 was cut in 0.3 percentage point to 0.2%. Saudi Arabia growth estimate was cut in 1.6 percentage point to 0.4%.
With USD 2.919 billion in exports and USD 2.799 billion in imports, January’s second week registered a trade surplus.
Consumer demand was driven by the need to pay pre-existing debts, according to survey by consulting firm Serasa Experian.
Financial institutions believe the Selic, the benchmark interest rates, will slid to 9.75% by the end of the year, against the current 13% rate.
The 14th edition of Medibat is scheduled for March 8 to 11 in Sfax. The highlight is the space dedicated to the reconstruction of Libya, where over 200 projects will be presented.
The Gulf airline will hold a selection process for flight attendants in Belo Horizonte on January 21. Applicants are required to speak English fluently.
Held at the Jurerê Internacional beach, in Florianópolis, event gathers exhibitors from many countries and regions.
