The assessment was made by the IMF. After growing 2% in 2016, the country’s economy should see modest growth driven by a rebound in exports, tourism and remittances from abroad.
The Brazilian government will collect USD 1.17 billion as a result of airport concessions in Fortaleza, Salvador, Florianópolis and Porto alegre.
The Fed raised the United States’ benchmark rate for the second time in three months, this time by 0.25 percentage point.
Integration can make countries more competitive on international markets and spur long-term growth, according to a World Bank report.
Prices went up by 0.33% last month, the lowest rate for a February since the year 2000.
Data released by the Brazilian Institute of Geography and Statistics (IBGE) confirm the second straight year of recession in the country. The 7.2% drop in the 2015-2016 biennium was the biggest on record.
Indicator measured by Fundação Getulio Vargas declined 8.5 points from January to February and is at its lowest level since May 2015.
For the 22nd consecutive month, net job creation was negative according to the General Register of Employed and Unemployed Persons (Caged).
Brazil saw a primary surplus of BRL 6.7 billion. For the full-year result, however, a BRL 143 billion deficit is expected.
The country’s Gross Domestic Product (GDP) did not expand as much as expected. Agriculture shrank by 8.1%, while the services sector saw 2.7% growth.
USD 11.5 billion were invested in Brazil’s productive sector last month, the highest amount for a January since the Brazilian Central Bank began keeping records, in 1995.