Brazil’s Central Government announced a BRL 38.356 billion (USD 11.712 billion) deficit, the widest ever for the month. The number comprises the Central Bank, Social Security and the National Treasury.

Brazil’s Gross Domestic Product (GDP) forecast is expected to have shrunk by 3.49% at the end of this year. The projection is worse than last week’s, but the inflation estimate has improved.

The storytelling for kids based on Arab stories will play on Tuesday (27) at the Sesc branch of the Greater São Paulo city. Artist Cris Guerra, of Lebanese descent, is the author of the show.

The organizers have confirmed that 12 buyers from the region will join a buyer project that offers special conditions to international guests. The footwear industry exhibition happens in January in São Paulo.

The Arab country is expecting a USD 79 billion deficit this year, down from an earlier forecast of USD 87 billion. Government expenditures decreased and revenue exceeded estimates.