Market expectations for GDP growth in 2021 fell from 3.49% to 3.40%, after rising last week. The projection for 2020 rose from -4.40% to -4.36%, after being maintained last week and after arriving at a very pessimistic estimate of -6.54% at the end of June amid the pandemic. The projection data are in the Focus Newsletter, which is released every Monday by the Central Bank.
Source: Valor Investe
Brazil’s trade balance is expected to increase by 3.9% in 2021, at $53 bn, compared to last year’s $51 bn, the Ministry of Economy reported in a scenario that foresees GDP growth of between 3.2% and 3.8%. According to the foreign trade secretary, exports are expected to grow by 5.3% to $221.1 bn, as well as imports, up 5.8% to $168 bn, resulting in a 5.5% percentage increase in trade compared to 2020, at $389.2 bn.
Source: 6 Minutos
With the high attractiveness for the implementation of photovoltaic plant projects in the northern region of the state of Minas Gerais, EPE recommends that R$ 13.3 billion ($2.5 bn) be invested in transmission by 2031 to expand the energy flow capacity of the National Interconnected System (SIN) from the northern part of Minas Gerais to the main load centres in the southeast region.
Source: Energia Hoje
Revenues from exports of roasted and non roasted coffee, extracts, essences and concentrates in 2020 increased by 7% compared to the previous year, from $5.167 billion to $5.530 billion. The volume shipped rose 6.2% between the two periods, from 38.865 million 60-kg bags to 41.277 million bags.
Source: Isto É
An interim measure (MP 1020/20) has been published that opens an extraordinary credit of R$ 10.1 billion ($1.9 bn) for financial charges of the Union. The planned resources will be used to make it possible to pay quotas into the Operations Guarantee Fund (FGO) for the National Support Programme for Micro and Small Businesses (Pronampe).
Source: UOL Economia