Exports by the bloc’s members were up a meager 0.4% in Q1, while imports slid by 1.2%. The organization points out the negative effects of the USA-China trade war.
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Expenditure during international trips was down 3% in April and 10% year-to-date through April, the Brazilian Central Bank reported. A strong US dollar makes it more expensive to go abroad.
Government approved new austere budget for 2019 aimed to cut the deficit to 7.5% of GDP from 11.5%.
Banks keep reducing their estimate for Brazil’s GDP. Expectation now is that the economy will grow 1.23% in 2019.
Brazil saw 129,600 posts created, the biggest number for the month since April 2013.
According to IBGE, this was the greatest change for the month of May since 2016.
USD 34 billion went into the government’s coffers during the month in Brazil, with collection driven by oil royalties.
The CEO of Dubai’s port operator Sultan Ahmed Bin Sulayem met with Brazil’s president Jair Bolsonaro and other officials to discuss economic openness, infrastructure and investments.
Brazil is expected to grow 1.4% in 2019. Report published this Tuesday says that trade and policy uncertainties could damage the world economy.
Ten facilities across the country handled a combined 30.6 million tons of cargo year-to-date through March.
IMF expects the Arab country’s economy to accelerate 6.7% this year after a 3.6% growth in 2018.
An index from the WTO shows growth falling short of medium-term trends, and the performance seen in the first three months of the year might repeat itself.
According to this Monday Focus Readout, Brazil’s economy is expected to grow 1.24% this year. Last projection was 1.45%.
Data is from Fundação Getulio Vargas’ survey. Drop occurred in the first quarter of 2018. Year-on-year, there was 0.5% hike.
