Brazil with trade deficit for third month running; government blames change in fuel tax accounting

Friday, May 3rd 2013 - 02:31 UTC

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Brazil recorded in April its third trade deficit in four months, trade ministry data showed on Thursday, another weak result that reflects the deterioration of the country's trade balance due to a sluggish global economy and struggling local industry. Read full article

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mastershakejb
http://www.buenosairesherald.com/article/130180/blue-dollar-skyrockets-32-cents-to-ar5 lol
May 03rd, 2013 - 04:10 pm - Link - Report abuse 0
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ChrisR
I will ask my question again to see if I get an answer this time: is there ANYONE in charge of the financial strategy of Brasil?

It most certainly does not seem so from an independent standpoint.
May 03rd, 2013 - 04:58 pm - Link - Report abuse 0
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B2Brazil
Analysts chalk Brazil’s recent balance of trade deficits to a sluggish global economy and struggling local industry. Structural and tax reforms are needed and the private sector can help. Private sector efforts have also been take such as B2B trade portals like B2Brazil.com. Companies can be promoted globally in English via www.B2Brazil.com, and can be promoted in Brazil in Portuguese via www.B2Brazil.com.br. These efforts will increase import/export activity, which is necessary for Brazil to maintain its industrial capacity in the long run, as well as to continue its growth and position as one of the top global economies.
May 06th, 2013 - 02:43 pm - Link - Report abuse 0
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