Economy

• Thursday, June 11th 2020 - 08:00 UTC

  Brazil forecasted to harvest 245,9 million tons of cereals and oil seeds

  

  According to the Systematic Survey of Agricultural Production (LSPA), released on Tuesday, June 9th, by the IBGE, the country will harvest 245.9 million tons of cereals, legumes and oilseeds by the end of the year, up 1.8% (4.4 million tons more) compared to 2019.

• Wednesday, June 10th 2020 - 22:10 UTC

  Falklands 2020/21 budget reflects stability and continuity: no rises in fees or charges

  

  Stability and continuity are at the heart of the Falkland Islands Government Budget for 2020/21. The Budget recognises these two themes are essential in the time of uncertainty stemming from the global COVID-19 pandemic.

• Wednesday, June 10th 2020 - 22:01 UTC

  Airline industry losses forecasted to top US$84 billion in 2020, estimates IATA

  

  Passenger revenues are expected to fall to US$241 billion (down from US$ 612 billion in 2019). This is greater than the fall in demand, reflecting an expected 18% fall in passenger yields as airlines try to encourage people to fly again through price stimulation. Load factors are expected to average 62.7% for 2020, some 20 percentage points below the record high of 82.5% achieved in 2019.

• Wednesday, June 10th 2020 - 13:54 UTC

  Brazilian government banks suspended payment of states and municipalities debts

  

  Brazilian development bank BNDES has suspended the payment of interest and principal on debt owed by municipalities and states through the end of the year, Chief Executive Gustavo Montezano said, citing the coronavirus pandemic.

• Wednesday, June 10th 2020 - 08:41 UTC

  Falklands will continue to invest in improving quality of life and prosperity of its people

  

  The Falkland Islands remain confident of the British government's support and defense of their sovereignty and self-determination right, and is working closely with London to ensure the Falklands interests are contemplated in the Brexit negotiations.

• Tuesday, June 9th 2020 - 11:59 UTC

  Brazil central bank survey shows economy forecasted to contract 6,5% this year

  

  The outlook for Brazil’s economy deteriorated for a 17th week in a row, with Latin America’s largest economy now expected to shrink by 6.5% this year, a central bank survey of economists showed on Monday.

• Tuesday, June 9th 2020 - 11:57 UTC

  Basic stats on world fisheries: fish consumption reached a record 20,5 k per capita

  

  Worldwide per capita fish consumption has reached a new record of 20.5 kilograms per year and is poised to increase further in the decade ahead, underscoring its critical role in global food and nutrition security.

• Tuesday, June 9th 2020 - 11:49 UTC

  Brazil anticipates 40% fall in sales of cars, light commercial vehicles, trucks and buses, this year

  

  Brazil's National Motor Vehicle Manufacturers Association (Anfavea), predicts a 40% drop for the sale of the set of new vehicles, composed of cars, light commercial vehicles, trucks and buses in 2020.

• Tuesday, June 9th 2020 - 08:14 UTC

  Argentina's economy could contract 9,5% in 2020, according to central bank poll

  

  Argentina’s economy is seen shrinking 9.5% in 2020, according to a monthly poll of analysts by the central bank released on Friday, compared with an estimated 7% decline in the previous survey, as the activity gets walloped by a nationwide lockdown against the coronavirus pandemic.

• Tuesday, June 9th 2020 - 08:03 UTC

  Mexican NAFTA negotiator, candidate for director general of WTO

  

  Mexico is set to propose senior trade official Jesus Seade, who helped rework the North American Free Trade Agreement, as a candidate to be the next director-general of the World Trade Organization (WTO), government sources said.