Brazil’s third-quarter GDP disappointed analysts with 0.6% versus a market consensus of 1.2%. revisions in GDP growth forecasts for both this year and 2013. Main surprises Private consumption was up 0.9% but investment decreased (-2.0%) and government spending (+0.1%) came as the main surprises, according to ITAU BBA research. What did well? Agriculture sector with 2.5% while the industryContinue reading “Brazil’s GDP disappoints but tax burden is record”
Category Archives: Economy
Rio’s ongoing billionaire projects
The city of Rio de Janeiro is a big construction site. From infrastructure to embellishment of the port, an ensemble of projects pose investment opportunities for Brazilian and international investors. Porto Maravilha The revitalization of the port area, Porto Maravilha (waterfront area), is the largest public-private partnership in Brazil, will receive $ 4.5 billion. Public transportation, the keyContinue reading “Rio’s ongoing billionaire projects”
Business opportunities between Brazil and Slovenia
As Brazil stands as one of the top growing markets, new business partners appear. I recently met with some Slovenian companies interested in exploring Brazil and was surprised to find out what this small country has to offer. Slovenia is per capita the richest of Slavic states. Situated in South-Central Europe, Slovenia has borders with Italy and Austria and is positioned atContinue reading “Business opportunities between Brazil and Slovenia”
Brazilian biggest companies in the Forbes list
Forbes list of the world’s biggest companies uses an equal weighting of sales, profits, assets and market value to rank companies according to size. 33 Brazilian companies are in the ranking. Energy makes number one among them with Petrobras (oil, gas and ethanol). Another interesting highlight is the leading presence of banks: Itau (and Itausa, itsContinue reading “Brazilian biggest companies in the Forbes list”
In Geneve, worries about Brazilian protectionism
Entrepreneurs gathered in World Trade Organization (WTO) headquarters in Geneve showed concern about the direction of Brazilian trade policy. # 1 “protected” economy among G-20 According to the International Chamber of Commerce (ICC), most G-20 countries – which gathers both the largest developed and emerging economies – have adopted more protective measures. But an ICC index pointsContinue reading “In Geneve, worries about Brazilian protectionism”
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