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.
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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.
Brazil is expected to grow 1.4% in 2019. Report published this Tuesday says that trade and policy uncertainties could damage the world economy.
The country’s economy picked up by a higher rate than it had in 2017, although it fell short of what had been provided for in the Budget Bill.
The Index of Economic Activity of the Central Bank, which predicts Brazilian economic flow, grew in October in relation to September. Compared to October 2017, the rise was 2.99%.
A survey from think tank Fundação Getulio Vargas (FGV) shows economic expansion in the third from the second quarter of this year, although FGV’s aren’t the official GDP figures.
The organization expects the country’s GDP to grow 2.1% in 2019. Forecasts from May and from a year ago indicated growth of 2.8% and 2.5%, respectively. Forecast for the global economy was also slashed.
The country’s economy grew year-to-date through September of this year.
