The financial market increased its forecast for the Brazilian economy in 2017 for the third consecutive time. It expects the GDP to grow 0.6% this year.
Author: Agência Brasil
Prices went down 2.06% over July, according to a survey by the Brazilian Central Bank (BC). The data considers the price of six Brazilian primary products sold abroad.
The Extended National Consumer Price Index (IPCA), index of the official inflation rate, stood at 0.19% in August and now is at 1.62% in the year’s first eight months.
Industrial output increased 0.8% over June, the fourth consecutive expansion in this type of comparison, according to survey by the Brazilian Institute of Geography and Statistics (IBGE).
Production averaged 115 million cubic meters per day in July, exceeding the previous record from December 2016.
The country’s economy increased by 0.2% over the year’s first three months and 0.3% over the same period of 2016. Over four quarters, however, there was a decline.
Kazakhstan will host a high-level meeting on September 14 and 15 to discuss safe zones in the Arab country. The intention is to protect the population.
Data from the Continuous National Household Sample Survey released by the Brazilian Institute of Geography and Statistics (IBGE) shows that the country had 13.3 million people unemployed from May to July.
The country lost a dispute at the World Trade Organization regarding subsidy policies for its automotive, telecom and computer industries.
An index from think tank Fundação Getulio Vargas dropped month-on-month, although it remains high, a sign that people aren’t planning to purchase or invest much.
Brazilian Institute of Geography and Statistics (IBGE) figures show there are 207,660,929 residents in the country, a bigger number than last year.
Brazil’s Central Government saw a primary deficit to the tune of BRL 20.1 billion in July. Year-to-date, a BRL 76.3 billion primary deficit was also the widest ever.
The capital gains tax levied on remittances from Brazil to other countries has changed. Instead of a single 15% charge, now there are four different tax brackets.
Brazil’s external and domestic debt slid to a combined BRL 3.34 trillion last month, primarily due to a hike in its currency – the real – relative to the currencies that comprise its foreign-denominated debt.
