IPEA revised up its 2020 growth forecast for the sector based on good prospects of soy and coffee output.
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GDP was up in 2019, driven by investment and household expenditure, Fundação Getulio Vargas’ GDP Monitor report shows. The index is not the official GDP.
Such was the result as of the end of 2019. The country is working to get its finances in order amid a volatile oil market.
The emirate welcomed 16.73 million foreign visitors last year, up 5.1% from a year before.
Financial institutions have reduced their estimate for the National Extended Consumer Price Index (IPCA) from last week’s 3.58% to 3.56%.
Financial institutions estimate that the Brazilian economy will end 2019 with a growth of 1.17%. Projection is slightly better than last week’s.
The Brazilian state’s Gross Domestic Product grew month-on-month.
Estimate for Brazilian economic growth this year was increased from 0.9% to 1.2% after Q3 results.
The country’s budget announced this Monday predicts a revenue of USD 222 billion and a deficit of USD 50 billion.
The Brazilian Institute of Geography and Statistics (IBGE) reported economic growth quarter-on-quarter, with agriculture leading the way.
The estimate regarding the 2019 National Extended Consumer Price Index from banks polled by the Brazilian Central Bank moved from 3.46% to 3.52%.
Brazil’s federal, state and local governments posted a combined USD 2.2 billion surplus last month.
GDP growth was driven by a 6.2% rise in the logistics sector. Foreign trade also had an impact.
Brazilian financial institutions expect prices to have gone up 3.33% by the end of this year in Brazil, up from last week’s 3.31% forecast.
