banks and analysis houses revised this Thursday (1st) their projections for the Gross Domestic Product (GDP ) of Brazil in 2022 after the second quarter result came above expectations. To CNN Brasil Business experts highlighted positive surprises in the services and industry, in addition to highlighting the growth of investments, which would make room for […]
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Guedes says he sees “even better days ahead”, with the prospect of falling interest rates
Economy Minister Paulo Guedes said he sees interest rates falling next year, thus removing an obstacle to the country’s growth. “Even better days ahead,” he told CNN . The Gross Domestic Product (GDP) result for the second quarter, which was above market expectations, reflects something he had already been warning: the Brazilian economy is even […]
All industry segments grew in the 2nd quarter, says IBGE
All industry segments grew from the first to the second quarter of this year, according to National Accounts data compiled by the Brazilian Institute of Geography and Statistics (IBGE). Industrial GDP rose 2.2% in the second quarter compared to the first, due to advances in all its components: mining and quarrying (2.2%), manufacturing (1.7%), construction […]
Record household consumption level is 1.9% above pre-pandemic, says IBGE
Driven by the “normalization” of the operation of businesses that require personal contact, in the service sector, by an improvement in the labor market and by federal government measures that reinforced income, household consumption reached the highest level in the series in the second quarter. of the Gross Domestic Product (GDP), started in 1996, informed […]
Oil closed at a two-week low with a ‘plunge’ of more than 3%
Oil prices closed at a near two-week low as China imposed new coronavirus lockdown measures. Chinese authorities imposed a lockdown on Chengdu, a city of 21 million people, in an effort to control the spread of the coronavirus, raising concerns about the country’s economic growth and demand for oil. Against this backdrop, Brent for November […]
Brazilian innovation may be impacted by deindustrialization process
In Brazil, there are several innovative companies recognized in the market, which have managed to grow and multiply profits through investment in innovation. Embraer, for example, attributed 51% of the revenue of US$ 4.1 billion, registered in 2021, to innovations that took place in the last 5 years, according to a calculation made by Embraer. […]
Diesel stock in Europe could raise the price of oil, says Adriano Pires
The president of the Brazilian Infrastructure Center, Adriano Pires, in an interview with CNN , said that the stock of diesel in Europe could raise the price of oil. He explains that the region is suffering from the gas supply sanctions in Russia. “And there is a concern to cut gas in winter”. The analyst […]
We see very strong business confidence in relation to the future, says secretary
In an interview with CNN this Thursday (1st), the secretary of Economic Policy of the Ministry of Economy, Pedro Calhman, stated that the result of the Gross Domestic Product (GDP) for the 2nd quarter of this year has as one of the factors the positive business confidence with regard to to the future. “We see […]
Brazilian economy in 2022 is better than expected, says professor
The Brazilian economy grew 1.2% in the second quarter of 2022, according to the IBGE (Brazilian Institute of Geography and Statistics), and the figure is above the expectation that economists had at the beginning of the year, which was 0.5%. Today, the stakes are around 2%. Thus, in an interview with CNN Carlos Primo Braga, […]
Gold and silver down: At 6-week lows and over two-year lows respectively
Precious metal prices fell again on Thursday, with gold falling to its lowest level in about six weeks and silver closing at its lowest level in more than two years as investors bet that interest rates will remain high for longer period of time. “Both gold and silver are suffering due to similar reasons: rising […]
