The Brazilian federal government had a USD 9.9 billion deficit in the first half of 2016.
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Collection of taxes and contributions reached BRL 617 billion in the first half of this year and BRL 98 billion in June, the worst result for the month since 2010.
Exports climbed 27% in volume and only 1% in revenue in the first half, reflecting a widespread drop in international prices.
The credit rating agency believes that stability in the price of commodities will improve the state of emerging economies such as Brazil and Russia. Forecast on the fall of the Brazilian economy went from 3.8% to 3.3%.
Foreign sales of Brazilian capital goods totaled USD 4 billion, an increase of 1.1% over the same period of last year. Volume shipped, however, climbed more than 10%.
According to Brazil’s National Federation of Industry (CNI), the share of foreign sales in total production value climbed to 15.8% in the 12 months ended May, up from 14.2% in the preceding 12 months.
The international scenario and its implications to Brazil will be one of the subjects of a meeting on August 3 at the organization’s auditorium. Admission is free for member companies.
A forecast done by ECLAC on the GDP decline of countries in the region and the Caribbean brings a sharper fall than the 0.6% from an April forecast. South America had the worst performance.
The Lebanese International Business Council is holding the Immigrants’ Reunion 2016 on August 9 in Beirut. The agenda will include applications for citizenship, voting rights and investments in tourism.
After two months of surpluses, the result was negative by almost USD 2.5 billion in June, mostly due to the primary income and services accounts.
The Brazilian Central Bank made a forecast of the additional revenues that international visitors will spend in Brazil during the Rio 2016 Summer Olympics. The event takes place from August 5 to 21.
A study from the World Bank points out what could be improved in order to spur growth in privately-owned business across the region. Over 6,000 companies were surveyed.
The Rio de Janeiro Trade Association will hold an exhibition of Brazilian export products during the Rio 2016 Summer Olympics. The goal is to present the country’s export potential.
In a lecture at the Arab Brazilian Chamber, consultant Fernando Curado said that family businesses need better planning.
