Foreign sales from Brazil to the region declined by 4.3% year-on-year in March. Overall, exports from the sector dropped due to lower product prices.
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Economic activity was up 0.36% from January, based on an index from the Brazilian Central Bank. In the first month of the year, activity slowed down from December 2014.
Officials from the two countries met and also discussed having Saudi technicians visit Brazilian meat packing companies, broadening the bilateral trade portfolio, and online certification of documents of origin.
The institution had a 15% increment in earnings in quarter one this year from quarter one of last year. In the first three months of 2015, the bank posted US$ 321.5 million in profit.
According to the agency, 4% is the estimate for world trade growth in 2016. In a statement released this Tuesday (14th), the organization indicates that it doesn’t expect an expressive expansion in the short term.
The Fund expects 0.9% growth in Latin America and the Caribbean in 2015, barring Brazil, which should experience a slowdown. The forecast for 2016 is one of improvement.
Investment will be made at Sheikh Mohammed Bin Rashid Al Maktoum Solar Park. The goal is to increase the energy power generating capacity from 13 MW to 3,000 megawatts until 2030.
The US$ 132 million surplus recorded in the first two weeks of the month in Brazil was the outcome of US$ 5.053 billion in exports and US$ 4.921 billion in imports.
Consumer demand in Brazil increased by 16.7% from February and 14.9% from March of last year.
Bulletin from the Central Bank shows financial analysts’ inflation forecast for this year: 8.13%. The prior estimate was 8.2%.
Arab countries imported from Brazil the amount of US$ 246.3 million in Q1, an increase of 2.22% over the same period of last year.
Director-general of the agency says that the number of people unemployed or working informally can rise due to the economic slowdown.
The Fund’s assessment is that the country’s economy is experiencing a delicate moment, but should start recovering towards the end of this year and rebound into growth as early as 2016.
Exhibition takes place from May 27th to June 1st. The Ministry of External Relations plans to send companies from the agricultural equipment, industrial machinery and food sectors. They have until April 30th to register.
