An index from Brazilian think tank Fundação Getulio Vargas and Germany’s Ifo institute slid between October 2016 to January 2017. The scenarios in Brazil, Mexico and Argentina played a part.
Expectations from financial market players regarding the Brazilian economy in 2017 have edged back from 0.49% to 0.48%.
A poll has shown that 84% of responding executives and business owners in Brazil see political and economic worries abating in 2017.
So says the IMF, whose mission to the Arab country ascertained that confidence increased after the Tunisia 2020 conference took place. Cutting wage spending is key challenge.
The increase took place last year in comparison to 2015. For 2017, the sector is expecting a 5% sales growth.
The 12% unemployment rate made public by the Brazilian Institute of Geography and Statistics (IBGE) is the highest rate of the historical series that starts in 2012. The rate rose 36% year-over-year.
The increase in sales was registered last year over 2015, according to the sector’s association in Brazil.
Financial institutions surveyed for the Focus Bulletin kept their forecast for a Selic, the benchmark interest rates, of 9.5% per year in 2017. Inflation will be close to the center of the target.
The index measured by the National Confederation of Industry increased 3.5% in comparison to December 2016.
The government collected BRL 1.289 trillion (USD 409 billion) in taxes last year. Results would have been worse if not for the repatriation funds from October and November.