Browsing: Economy

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.

Foreign sales from the country reached US$ 5.36 billion last week. Daily average figures were up 1.2% as against July 2011 and up 10.8% as against June 2012.

Activities were resumed in eight regional airports in the Arab country. The sector will also receive investment, according to a government announcement.