Brazil Expects Agriculture to Grow 5.5%, More than Country’s GDP

Farm field in Brazil The agricultural sector in Brazil should grow 5.5% this year. This forecast was disclosed by the Brazilian Central Bank (BC) and is part of the Quarterly Inflation Report, which includes several estimates about the economy of the country.

The figure presented the BC is half a percentage point above the estimate in the previous edition of the study.

If expectations are confirmed, agriculture should grow more than the Gross Domestic Product this year, as BC forecasts for economic growth are 5%. Despite the worsening of the international financial crisis, the bank has raised by 0.2 percentage points the forecasted economic growth for this year.

According to the report, the revision of this performance in the agricultural sector is also due to the crop forecasted by the Brazilian Institute of Geography and Statistics (IBGE).

According to information supplied by the Ministry of Agriculture, recent studies show, for example, perspective for growth of 32.4% in wheat crops, 28% in coffee crops and 13% in maize crops.

The Central Bank has also increased the forecasted industrial growth from 5.3% to 5.5% and growth of the service sector from 4.4% to 4.5%.

Anba

Tags:

  • Show Comments (1)

  • CH.C.

    In volume…may be !!!!!
    but in prices ?????

    smiles !!!!!!!!!!!

    ohhhhh….strange……for now no longer a word on soyabeans !!!!!
    No growth anymore ?`
    But so far it is the crop that held the best in prices when compared to Wheat !

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil’s Primary Surplus Grows to 6.22% of GDP

The primary surplus, the economy that the Brazilian government makes to pay the interest ...

Brazilian Architects Have Program to Get World Recognition

The idea is to promote Brazilian architecture projects and services abroad. For that the ...

Chavez and Lula talk in Brasilia, the capital of Brazil

Lula Signs Oil Partnership with Chavez and Says Time to Say Amen, Amen, Is Over

Brazilian President Luiz Inácio Lula da Silva said that the political will of Brazilian ...

Brazil Adds 4 Million US-made Female Condoms to Its AIDS-fighting Arsenal

The Brazilian Ministry of Health has ordered 4 million FC Female Condom from Chicago-based ...

Brazil’s Formula to Expropriate Rural Property for Land Reform

A new formula developed by Brazil’s Ministry of Agrarian Development (MDA) to calculate the ...

Brazil’s Most Notorious Prostitution House Becomes a Museum

Brazil's most famous temple to lust and prostitution may soon become a fond memory ...

Old Ways

Congress has been discussing whether elected officials should hire their own relatives. A congressman ...

Learning Disabilities

Basic education in Brazil is in chaos. A little more than 30% of students ...

Norway’s Telenor Gets Green Light in Brazil to Sell Directly to Clients

Norway-based Telenor Satellite Services announced that it received approval from the Brazilian government to ...

Some Brazilian Women Routinely Deported from Europe Are Sex Slaves

Part of the Brazilian women who were deported from or not admitted to Europe ...