Brazil has seen its per capita income plummet over the last 40 years

Since 1980, the country has plummeted from 50th to 85th place in the global ranking of GDP per capita. And if reforms are not made, a lost decade could turn into half a century. At first glance, Brazil has an impressive economic power. Measured by GDP in dollars, according to purchasing power parity, Brazil ranks 8th among world economies. According to this method, Brazil currently ranks 85th among 195 countries in the world.

Source: Energia Hoje

Brazil is the only major economy in slowdown in 2021, says OECD

Brazil is the only major economy with a growth slowdown at the beginning of this year, according to the OECD. Contrary to the global trend, the composite index of leading indicators (Composite leading indicators-CLIs), fell 0.32% in Brazil in March, compared with February – the only decline among the largest economies monitored by the OECD. In the group of the 7 largest economies, there was an increase of 0.24%.

Source: G1 Economia

Suape to start receiving New Panamax vessels

The Port of Suape, in Pernambuco, will start receiving New Panamax container vessels, the largest that can currently cross the Panama Canal. The New Panamax ships have the largest dimension available in Latin America – 366 meters long, 52 meters wide and capacity for about 14,000 TEUs (measure equivalent to a 20-foot container). State-owned and the largest port in the Northeast of Brazil in container transport, Suape multiplied its net profit by five in 2020, compared to 2019, to $10 million.

Valor International