The Brazilian minister of Finance said reliance on Brazil’s recovery is increasing and that the government’s team of economists is working to change the scenario around.
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A study by the International Monetary Fund says that the Arab country will take more than 20 years to return to the economic level it had before the conflict.
Such was the amount collected by 17 collective financing companies from 2012 through April 2016, according to a survey. Regulatory issues pose a challenge.
Foreign sales of capital goods from Brazil soared in May and year-to-date. Europe and China were the top buyers.
With inflation accounted for, there was a decrease of 2.16% over April and of 2.13% in comparison with May of last year.
The federal, states and municipal governments incurred the widest primary deficit on record for a May last month, the Brazilian Central Bank reported.
From September 6 to 9, the organization will hold a marketing week with local products only at Hyper One, one of the main supermarket chains in the Arab country. Companies can register until August 5.
Measured by Fundação Getulio Vargas, the index reflects, mainly, the improvement in business owners’ expectations to the future.
The Brazilian monetary authority has changed its estimate for this year from 6.6% to 6.9%, but revised down the expected rate for 2017.
Foreign buyers attending the fair Francal believe current export prices are good. Executives from the UAE and from Ecuador that were visiting the stands said the plan to buy more from Brazil.
Last week in Brazil saw USD 4.009 billion in exports and USD 2.909 billion in imports. The month-to-date surplus reached USD 3.4 billion.
The index measured by Fundação Getulio Vargas reached 71.3 points in June, its highest level since the same month in 2015.
Brazil’s Institute of Applied Economic Research (Ipea) reports that there are signs of improvement, but the path to recovery will be a long one.
The Brazilian brand has a franchisee in Jordan and is working to expand in the region. If it comes to fruition, the prospect of having manufacturing operations there could help increase its foothold in Arab markets.
