Brazil’s Gross Domestic Product increased from April to June compared to the first three months of the year, mainly driven by the services sector. In the first half, the country grew by 2.5%.
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Next week, the Brazilian Ministry of Foreign Affairs and the embassy of Lebanon to Brasília will launch a humanitarian fund to aid the Arab country.
Trade between Arabs and Brazilians in 2021 reached USD 24.25 billion. The UAE took over as the leading destination for Brazilian products.
The initiative aims to find 1,000 exceptional talents among Arab scientists, thinkers, and innovators.
The country wants to raise industry contribution to its GDP from 12.8% in 2019 to 14.5% by 2026.
According to an IMF report, about 80% of the target population had been at least partially vaccinated and over 70% fully vaccinated as of mid-September 2021.
The Ministry of Economy said this Wednesday (17) that it is sticking by its 2021 GDP growth forecast. Whole-year inflation expectation was revised up on the back of food prices.
The event will see high-level officials and leading executives go over digital responses to global issues in a post-Covid-19 world.
After discussions with the Jordanian authorities, the IMF estimates the country’s GDP will decline by 3% in 2020, as a reflection of the pandemic, but increase by 2.5% in 2021.
In wrapping up the Economic Forum Brazil & Arab Countries, Palestine minister of Economy Khaled al-Osaily called upon enterprises to seek out opportunities in technical cooperation and to take advantage of available incentives to venture into Arab and Islamic markets.
GDP growth was driven by a 6.2% rise in the logistics sector. Foreign trade also had an impact.
Fund stressed the huge number of Syrian refugees hosted in the country. However, GDP undergoes a period of weak growth.
This Tuesday’s Macro Fiscal bulletin shows a revised economic expansion estimate, from 0.81% to 0.85%.
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.
