The Brazilian economy is expected to grow 3.1% this year while inflation will reach 5.7% according to the latest estimates from the Central bank released in its “Quarterly inflation report”. In the previous report at the end of last year inflation was estimated at 4.8% but there was no figure for growth.
Brazil is after “brains and human capital” and a special Strategic Actions Secretariat (SAE) which depends directly from the Executive is working on a strategy to attract selective quality immigration according Ricardo Paes de Barros head of SAE interviewed by the Miami Herald.
Uruguayan exports of goods in March continued falling thus closing a discouraging first quarter, according to Uruguay XXI, the country’s agency responsible for promoting trade and investment in the country.
By R. Viswanathan - Yes… steady is the word to describe the growth of India's trade with Mexico, the second largest market of Latin America. The bilateral trade reached 6.29 billion dollars in 2012 from 4.15bn in 2011, 2.9bn in 2008 and 1.03bn in 2003.
President Jose Mujica confirmed that the project for the construction of a liquid gas re-gasification plant in the River Plate coast, originally planned with Argentina, “will go ahead with of without the Argentine government”.
The Brazilian government postponed until next year increases in taxes on the sale of cars and trucks in a bid to stimulate demand for manufactured goods and spur economic growth, announced the Finance Ministry.
Latinamerica’s largest power company Eletrobras, managed by the Brazilian government reported losses equivalent to 3.4bn dollars last year which were mostly attributed to a bill promoted by the administration of President Dilma Rousseff ro reduce electricity bills both for industry, agriculture and home consumption.
Chile, Peru, Colombia and Mexico plan to sign an accord liberalizing 90% of trade among the group when they meet at the coming Pacific Alliance summit scheduled for May 23 in Colombia announced Chilean Foreign minister Alfredo Moreno.
With insistent rumours of imminent measures to try and control the value of the US dollar in Argentina, Central Bank Governor Mercedes Marcó del Pont, stressed that the country has more than 40 billion dollars in reserves to manage the foreign exchange market avoiding sharp changes.
Germany is keen to boost its already substantial investment in Brazil ahead of the 2014 World Cup and the 2016 Rio summer Olympics, the new president of the Brazil-Germany Chamber of Commerce said.