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Montevideo, March 29th 2024 - 12:19 UTC

Tag: Brazilian industry

  • Thursday, September 26th 2013 - 06:39 UTC

    Brazilian industry forecasts higher GDP growth this year: 2.4%

    However consumer spending, the main engine in recent years is expected to increase a weak 1.9%

    The Brazilian industrial federation on Wednesday upped its 2013 growth forecast to 1.4% from 1% and its GDP growth projection from 2% to 2.4%. But, despite the better data, the National Confederation of Industry (CNI) urged caution. “The improved economic outlook is no guarantee of a strong growth rate,” it said.

  • Monday, August 1st 2011 - 06:21 UTC

    Brazil ready to announce 30bn dollars tax relief for industry

    US default or no default, Brazil is prepared say Rousseff and Mantega

    Brazil is prepared for the event of a United States default if no agreement is reached in the US congress on the debt ceiling and will also implement a 30 billion dollars tax relief program to prop Brazilian industry competitiveness, announced Finance minister Guido Mantega.

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