First-quarter results show USD 26.4 billion in orders but also reveal a USD 76 million loss.
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At the Arab-Brazilian Chamber, BTG Pactual’s chief economist, Mansueto Almeida, analyzed the global scenario and highlights concerns about Brazil’s fiscal sector. Angela Martins, CEO for Latin America at First Abu Dhabi Bank, shared Arab investors’ perspective on the country.
Arab countries are among the top buyers of Brazil’s agribusiness, according to the country’s National Confederation of Agriculture. The agribusiness GDP is expected to grow by 2% this year.
Measure was announced by American president Donald Trump in response to the devaluation of Brazilian real and Argentine peso.