If the projection proves true, then Brazil’s Extended National Consumer Price Index (IPCA) will be lower than the midpoint of the target range set by the monetary authority.

The Brazilian engineering company, whose partners include Omar Hamaoui of Rio Grande do Sul, is co-building the Mohammed bin Rashid Library, whose collection will comprise 4.5 million books, and smart city Silicon Park.

The International Labor Organization director-general said the number of jobless people will keep climbing for years to come and questioned countries’ approaches to addressing the economic crisis.