The financial market’s forecast points to a 2.89% growth this year and 3% growth in 2019 for the Brazilian economy. The forecast for 2018 improved in comparison to last week.
Author: Agência Brasil
Expenditure by citizens from Brazil in other countries came out to USD 2 billion last month, the Central Bank said. It was the biggest amount since January 2015.
This is the second lowest IPCA-15 rate for a February since the 1994 government plan Plano Real. The lowest-ever rate was the one from February 2000.
The bank’s chairman Paulo Caffarelli believes consumption will once again be the primary driver of economic growth.
Brazilian business owners are still confident in the scenario and in their own businesses, but the index which gauges satisfaction dropped marginally in February from January.
Fundação Getulio Vargas’ index shows that Brazil’s economy grew last year. However, this is not the official GDP, which is measured by the Brazilian Institute of Geography and Statistics (IBGE) and comes out in March.
An indicator from FGV covering industry, services, consumption, production, exports, stock exchanges, etc., was up 1.3% in January, a stronger rate than last December’s.
Index measured by the Institute for Applied Economic Research (IPEA) shows that investments went up in last year’s Q4 but declined during 2017.
Financial market players expect prices to be up 3.81% in Brazil this year. Last week’s forecast had been 3.84%. The GDP estimate has also improved.
A Brazilian Central Bank poll shows the economy picked up in 2017. The official GDP indicator from the Brazilian Institute of Geography and Statistics (IBGE) is yet to be released.
Expectation index regarding the improvement of the country’s economy went up 4% year-over-year, according to a survey by SPC Brasil and CNDL. Even so, it hasn’t yet reached an optimism level.
The financial market, for the second consecutive week, revised down its inflation rate forecast for Brazil this year.
The country will step up negotiations to become full member of the Organisation for Economic Co-Operation and Development, with the support of the Brazilian diplomatic representation in Paris, where the organization is located.
The volume of sales increased over 2016, after two years of decline.
