Day: January 5, 2021

Expectations for GDP in 2021 fall from 3.49% to 3.40%

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

Trade account shows deficit of $42 mm in December, but 2020 closes with surplus of $51 bn

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

MG should have investments of $2.5 bn in transmission, says EPE

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