Browsing: Economy

This year, the holy period for Islam begins on July 20 and ends on August 18. Mosques throughout the country become crowded at prayer times and the faithful meet to break their fast late in the day.

The country has gone from second to eighth in the list of countries with the most optimistic businessmen. Still, it remains among the ten most positive in a survey of 40 nations.

The organisation has lowered its forecast for Brazilian growth this year. Now the estimate is 2.5%, half a percentage point below the previous estimate. For 2013, the IMF expects expansion of 4.6%.

There was 0.02% retraction in Brazilian economic activity in May as against April, according to a Central Bank of Brazil index. There were also reductions in January and March.