Global construction will outpace GDP growth over the next 10 years, with China and India accounting for 38% of the 4.8 trillion US dollars increase in output by 2020, PricewaterhouseCoopers (PwC) said this week.
The Brazilian government is considering additional foreign exchange measures to contain the rapid appreciation of the Real, a source inside the Finance Ministry told the Sao Paulo Estado news agency Friday.
Retail prices in Brazil, as measured by the benchmark IPCA index, rose 0.8% in February, down from 0.83% January, the national statistics agency said in a report distributed in Rio de Janeiro Friday.
US Department of Agriculture attaches in Buenos Aires have warned against upbeat forecasts for Argentina's soybean harvest, saying many farms missed out on crop-reviving rainfall.
Argentina's automotive industry made fewer cars in February than it did the previous month but output was up from the same month a year ago.
Argentina's federal government on Friday said it will pay 2.17 billion US dollars owed to international financial organizations this year with central bank reserves and funds held in the treasury.
European farmers’ organizations claimed on Thursday that current trade talks between the EU and Mercosur could lead to a “total collapse” of the EU beef sector.
The IMF relation with Argentina is like romance with its ups and downs, said IMF Managing Director Dominique Strauss-Khan who added he trusted that the IMF technical mission that will be visiting Argentina to help elaborate a new retail prices index would achieve “significant advances”.
China will reduce import tariffs on a range of products and further cut red tape involved in import application procedures, to “maintain balanced trade” according to statements from a senior official to a local newspaper.
Brazil announced Thursday it has become the world’s seventh economy after having expanded 7.5% in 2010, the strongest in 24 years. Brazil’s GDP now stands at 2.1 trillion US dollars with a per capita income of 11.185 USD.