The world economy is expected to grow by 3.6% this year and 3.7% in the next. These projections are more optimistic than the ones from April. The forecast for Brazil moved up by 0.5 percentage point.
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Production numbers slid by 0.8% in August from July as a result of weaker output in six out of 14 locations, the Brazilian Institute of Geography and Statistics (IBGE) said.
The Brazilian Ministry of Industry, Foreign Trade and Services said exports came out to USD 5.059 billion, with imports at USD 3.157 in the first week of October.
The country’s banking sector had USD 723 billion worth of assets in the first half of this year, the biggest amount of any Gulf Cooperation Council country and up 1.7% from the second half of 2016.
After six straight drops, the 2017 forecast from Brazilian financial market players changed up from 2.95% to 2.98%.
The Arab country’s conflict and its connection with the West-Middle East dialogue will be discussed in a meeting at the Sesc’s Research and Formation Center on Wednesday (11). French diplomat Anis Nacrour will speak.
Survey by the Federation of Commerce of the State of Rio de Janeiro (Fecomércio-RJ) and Ipsos Institute also indicates that the average amount to be spent should go up in comparison to last year.
The National Consumer Price Index (IPCA) ended last month below the 0.19% seen in August. From January to September, price increase in Brazil reached 1.78%.
The total amount traded from January to July in the capital of the United Arab Emirates accounted for 6.7% of non-oil sector turnover in the country.
Index measured by trade federation FecomercioSP went up 1% in September over August and stands at its highest level since April 2014.
The increase was in comparison to the same period of 2016. Year-to-date, exports by the automotive sector are at an all-time high.
The Saudi Arabian state-run oil company is expected to go listed in the second half of next year, one of its executives said. Its shares will be offered in domestic and international stock exchanges.
Total gains of the five main Brazilian government-owned groups reached BRL 17.3 billion (USD 5.59 billion) in the year’s first six months.
Paulo Rabello de Castro, president of the Brazilian Development Bank (BNDES), spoke at the Arab Chamber this Wednesday about a new phase for Brazil, in which the bank should invest in new sectors with Arab funds.
