Brazilian exports grow 3.7% says IBGE

Exports grew 3.7% in the first quarter of 2021 compared to the fourth quarter of 2020, the highest increase since the third quarter of 2018 (6.5%). The data were released by the Brazilian Institute of Geography and Statistics (IBGE), which announced on Tuesday the results of the Quarterly National Accounts.

Source: UOL Economia

Agriculture and livestock grow 5.2% in first quarter and highlight in the GDP

Agriculture and livestock grew 5.1% in the first quarter of 2021, compared to the same period last year, and was the highlight in the Gross Domestic Product (GDP), which advanced 1.2% from January to March. Industry advanced 3% and services fell 0.8%. The data was released by the Brazilian Institute of Geography and Statistics (IBGE).In relation to the last three months of 2020, the agro GDP advanced 5.7%.

Source: G1 Economia

Banks now see GDP growth above 5% this year

The positive surprise with Brazil’s first quarter Gross Domestic Product (GDP) numbers has opened the door to a series of upward revisions in banks’ projections for the economy’s performance this year, with some seeing GDP growth in excess of 5%. Brazil’s Gross Domestic Product (GDP) grew 1.2% between January and March, the third consecutive quarter of gains.

Source: Money Times

Agreement between Brazil and India could increase exports by $21 bn

The commercial approximation between Brazil and India has been accelerating since 2004 and a study by the Institute for Applied Economic Research (Ipea) indicated that an agreement between the two countries would result in an increase of $21 billion in Brazilian exports. In this scenario, the Foreign Trade Secretary of the Ministry of Economy, Lucas Ferraz, highlighted the strategic relevance of India as a trade partner in the global scenario.

Source: Portal do Agronegocio

Mercury Renew arrives with 2GW and investments of $1,1 bn

Perfin and Servtec have entered into a partnership that resulted in Mercury Renew, which is focused on centralized solar photovoltaic generation. The plans are ambitious, the company was born with the goal of implementing 2GW until 2025, an investment that, if confirmed, will total about R$ 5.5 billion ($1.1 bn). But the pipeline is much more extensive, around 17 GW, resulting from the partnership with Solatio, through which Mercury has the preference to analyze the projects if they are interesting to enter its portfolio before being offered to the market.

Source: Canal Energia