The International Monetary Fund says economic diversification beyond oil will only come with the adoption of structural reforms. The institution projects GDP growth of 2.6% this year and 3.8% in 2026.
Browsing: Economy
A survey by CNI and Funcex found an increase in the share of imported goods in Brazilian consumption in 2024, especially higher-value, technology-intensive products from China. The use of imported inputs also rose.
Growth was recorded in the third quarter compared to the same period last year. Over the 12 months through September, expansion reached 10.8%, according to the Brazilian Franchising Association (ABF).
Through November this year, Brazilian exports to the Arab country rose 1.3%, while imports were 9.2% higher than in the same period last year.
Currently operating in Saudi Arabia, Egypt, and Morocco, the startup automates ergonomic analyses to improve the health of factory and industrial workers.
After completing a World Bank program, the African Development Bank Group announced an additional cancellation of the country’s financial obligations and a grant of USD 19.7 million to help improve living conditions for internally displaced persons.
Brazil’s gross domestic product rose 0.1% in the third quarter compared to the previous three months and 1.8% year-on-year, reaching USD 602 billion.
Data from Brazil’s Ministry of Defense show that total exports in the sector reached a record this year.
Between January and October this year, purchases of the agricultural input grew by 30%. Exports to the Arab country are declining.
Sales have reached USD 41 million this year, up 67.9% compared to last year. Imports are declining.
North African country signs a declaration with a United Nations agency to drive the recovery of agribusiness industries for the 2026–2030 period.
Brazilian aircraft maker will get a BNDES loan to produce planes for export, expecting higher commercial jet deliveries this year.
The partnership was signed in April. In December, a demonstration of the system is expected to take place, with the first delivery scheduled for 2026.
After visiting the country earlier this month, an International Monetary Fund team sees prospects for economic improvement and agreed on technical assistance to strengthen Syria’s fiscal framework and monetary policy.
