FDI inflows in Brazil slid in both August and year-to-date, but it’s still enough to finance the current account deficit.
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Spending in international trips reached USD 1.31 billion in August, down 5.24% from a year ago.
The Brazilian company is manufacturing processed poultry and beef items in Abu Dhabi, to cater to a growing demand in the UAE. Its facilities were visited by a delegation from Brazil this Saturday (21).
Activity slowed down compared with July, the Brazilian Central Bank reported this Friday.
This Tuesday’s Macro Fiscal bulletin shows a revised economic expansion estimate, from 0.81% to 0.85%.
The average price hike forecast from Brazilian financial market players was down for the fifth week on end, from 3.59% to 3.54%.
IMF report shows that trade uncertainty may affect global growth in 2019, but in some regions, like the Middle East, it remains moderately low.
Last month saw lower price raises than July, IBGE reported.
Brazilian footwear exports to the United Arab Emirates hiked 86.4% in volume and 40.9% in revenue year-to-date through August from a year ago.
Ratings agency Standard & Poor’s said Expo 2020 is bound to drive economic growth in Dubai between 2019 and 2022
Company reported a production of 3 million barrels of oil and gas per day, a record high.
A poll of Brazilian banks this week shows that GDP is seen going up 0.87% in 2019, up from 0.80% as of last week.
Federal, states and local governments in Brazil had deficits in July, despite being the best result for the month since 2013.
Brazilian economy increased from Q1.
