The Ministry of Economy revised its Gross Domestic Product (GDP) contraction projection for 2020 to 4.5%, down 4.7% earlier, due to the good result expected for economic activity in the third quarter.
President Bolsonaro will reveal which countries would be importing illegal wood from the Amazon and contributing to the deforestation. According to the president, many of the countries that criticise Brazil for deforestation of the Amazon are part of this list that illegally imports Brazilian wood. “I believe that after we reveal this, these practices will diminish a lot in our Amazon,” he said.
Source: Portal Agronegocio
Startups with solutions for agribusiness can participate in the Startup World Cup 2020. The winner of the Brazilian stage will compete in Silicon Valley for an investment of $1 mm. This year’s edition is focused on Agtechs, Foodtechs and Startups that offer solutions to specific agribusiness problems.
Source: Invest SP
Bolsonaro cited that Brazil was “in tune” with the rest of the countries in the search for a vaccine for Covid-19, after Xi Jinping emphasised that China is one of the countries at the forefront of the research. The two presidents’ speech clearly marked the differences that have increasingly separated China and Brazil, despite the intense trade relationship – the Asian country is Brazil’s main importer.
Source: UOL Economia
Economic Policy Secretary Adolfo Sachsida has estimated that some R$110 billion ($20 bn) should be injected into the economy by January for measures taken during the Coronavirus crisis, resources that will help in the strength of the recovery. The resources saved with the emergency aid that has already been paid also enter the account, Sachsida said.
Source: Money Times