The World Bank reported that the institution’s forecast is that Brazil’s Gross Domestic Product (GDP) will grow by 3% in 2021, below the average forecast for Latin America, of 4.4%. According to the report, neighbouring countries are expected to outperform Brazil, for example: Argentina: 6.4 percent; Chile: 5.5 percent; Colombia: 5 percent.
For the World Bank, Latin America and the Caribbean suffered the greatest damage to the economy and health during the Covid-19 pandemic.
Source: G1 Economia
CTG Brasil has signed a partnership with Instituto Meio and is launching a pilot program to foster job and income generation in the communities surrounding its hydroelectric power plants. The R$ 1 million ($178 k) investment will be directed at entrepreneurial actions and the acceleration of productive groups in the regions of the Jurumirim and Garibaldi plants until 2022. The program will help micro and small entrepreneurs through training, which will count on mentoring, acceleration and incubation, including specialised consultancy and financial resources for the chosen groups.
Source: Canal Energia
The closure of shops due to the pandemic this month and uncertainties about the reopening of traditional retail are expected to hinder fashion retail in the first half – one of the segments most impacted by the crisis caused by the coronavirus. The demand in this segment have been already affected by the greater restrictions on circulation since February. And online sales, despite the large growth, still represent less than 15% of the annual sales of the big chains.
Source: Valor International
The organic production chain is in full development and pulled by consumer demand. In 2019 the sector invoiced R$ 4.6 billion ($821 mm) and in 2020 the rise was 30%, reaching revenues of R$ 5.8 billion ($1.1 bn). The data are Association for the Promotion of Organics (Organis).
Source: Portal do Agronegocio
Vivo inaugurated its first solar energy plant in the North region of the country, located in Marabá, Pará. The undertaking will be operated by Athon Energia, and has the capacity to generate 2,190 MWh per year, destined to supply 632 consumer units of the company, such as shops, sites and transmission equipment installed in the region.
Source: Energia Hoje