After sliding for 20 straight weeks, the 2019 economic growth projection from respondents of a Brazilian Central Bank poll edged up to 0.82%, up from 0.81% as of last week.
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After dropping to USD 11.5 billion late last year, foreign holdings in Egyptian treasuries increased again.
Gross Domestic Product (GDP) in the country is expected to grow 1.9% in 2019 from 2.2%, and then strengthen to 3% in 2020.
The Industrialist Confidence Index climbed 0.5 percentage point in July, to 57.4 points, however perception of the current economic scenario remains negative.
Brazil’s Foreign Trade Association has toned down its predictions on imports and foreign trade. Estimates regarding exports and the trade surplus moved up.
Government decision allows that businesses operate all day, which is expected to boost trade activities and create jobs.
The economic growth forecast from financial institutions dropped from 0.82% last week to 0.81% in this one.
The Arab country’s Gross Domestic Product (GDP) widened year-on-year in Q1. The oil industry accounts for over half of the economy.
Central Bank of Brazil’s Economic Activity Index shows an increase in the Brazilian economy in May, after four months straight in a downward curve.
The 2019 economic growth forecast from Brazil’s Ministry of Economy narrowed from 1.6% to 0.8%.
Deficit rose to USD 3.87 billion, up 6.8% from a year ago. Exports increased by just 0.5%, while imports increased by 4%.
Most of the 15 states and regions in Brazil tracked by IBGE saw a decline in industrial output from April to May.
The organization estimates that the volume will grow by 1.14 million barrels per day from 2019 level.
Brazilian financial institutions see the economy growing by 0.82% in 2019, down from last week’s 0.85% estimate.
