In 2023, Brazil’s agribusiness sector experienced a 2.99% decrease in its Gross Domestic Product (GDP) compared to the previous year. The Brazilian Confederation of Agriculture and Livestock (CNA) and the Center for Advanced Studies in Applied Economics (Cepea) reported it. This downturn reduced agribusiness’s contribution to the national GDP from 25.2% in 2022 to 23.8%. […]
Related Posts
Peru-China Military Talks
Peru and China have initiated discussions to enhance their military relationship, marking a significant shift in South American geopolitics. A six-member Chinese military delegation visited Lima to engage with Peruvian defense officials. Their talks focused on joint military exercises and training programs to fortify bilateral military ties. Chinese Brigadier General Song Yanchao and other high-ranking […]
Brazil propels LatAm’s oil market while Mexico and Colombia face uncertainties
Brazil propels LatAm’s oil market, while Mexico and Colombia face uncertainties. Fitch Ratings’ recent report reveals contrasting fortunes in Latin America’s oil sector. The report suggests that Brazilian companies are expected to expand, realizing synergies and achieving economies of scale. In contrast, Colombian energy and oil firms are anticipated to face rising costs due to […]
U.S. Dollar Rises, Gaining Nearly 1% Against Brazilian Real
On Tuesday, the U.S. dollar saw a significant uptick, rising nearly 1% against the Brazilian real. This increase coincides with gains in other emerging market currencies, amid scrutiny of Brazil’s first quarter GDP and U.S. economic indicators. During the session, the dollar nearly touched R$5.30, peaking at R$5.296. By day’s end, the spot dollar had […]