Financial institutions estimate that the Brazilian economy will end 2019 with a growth of 1.17%. Projection is slightly better than last week’s.
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The Brazilian state’s Gross Domestic Product grew month-on-month.
The Brazilian mining company reached a deal to divest from its minority position in the Chinese enterprise.
The Central Bank said local financial institutions saw USD 3.7 billion worth of gross profit between them year-to-date through September.
Commerce in malls in Brazil yielded USD 42.2 billion in 2019.
Although they went up in December, indices that track confidence from trade and service sector players remain at low levels.
Sales amounted to USD 11.3 billion year-to-date through November, with agricultural and mineral commodities leading the way.
Country implements reforms but requires bold and comprehensive reforms to face fiscal deficit and other issues. A team from the International Monetary Fund visited Khartoum and recommended actions to protect the vulnerable sectors.
Oil production in the country went past the 3-million-barrel mark for the first time at 3.09 million barrels per day in November.
The Brazilian cosmetics company’s licensee in the region, Millennial Capital, announced the third outlet in the emirate.
Negative current balance stood at USD 2.1 billion in November and USD 45 billion year-to-date. But foreign direct investment made up for it.
In an article on the Saudi Gazette daily, Rubens Hannun argues that Brazil’s trade relations with the region have grown stronger in the wake of Jair Bolsonaro’s visit.
Estimate for Brazilian economic growth this year was increased from 0.9% to 1.2% after Q3 results.
The amount of newly established companies climbed 30.8% year-on-year in October.
