According to governor of Qatar Central Bank, the improvement in the industrial production index, particularly manufacturing and hydrocarbon production, will provide a higher economic growth in H2 2019.
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Measure was announced by American president Donald Trump in response to the devaluation of Brazilian real and Argentine peso.
The estimate regarding the 2019 National Extended Consumer Price Index from banks polled by the Brazilian Central Bank moved from 3.46% to 3.52%.
Brazil’s federal, state and local governments posted a combined USD 2.2 billion surplus last month.
American currency ended this Wednesday valuing BRL 4.26, a new record high. The Central Bank sold funds from reserves during the day.
Brazil’s internal and external debt declined over September, to USD 979 billion.
Country has made progress to maintain economic stability, but challenges remain, such as fiscal imbalances unemployment for youth and women, IMF report reads.
GDP growth was driven by a 6.2% rise in the logistics sector. Foreign trade also had an impact.
At USD 7.8 billion, the deficit in October was the widest for the month since 2014.
Minister of Mines and Energy, Bento Albuquerque, said the work of Angra III power plant is set to resume in 2020.
The process includes four units with ‘binding’ status, where investors can look into the risks involved in the deals and make their bids.
Brazil’s imports from abroad grossed USD 37.6 billion year-to-date through October.
The United States currency hit its highest nominal value since the Plano Real reform in 1994. Central Bank governor Roberto Campos Neto blamed lower-than-expected revenue from the petroleum bidding round on November 6th.
Brazilian financial institutions expect prices to have gone up 3.33% by the end of this year in Brazil, up from last week’s 3.31% forecast.
