This Tuesday’s Macro Fiscal bulletin shows a revised economic expansion estimate, from 0.81% to 0.85%.
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The average price hike forecast from Brazilian financial market players was down for the fifth week on end, from 3.59% to 3.54%.
Ratings agency Standard & Poor’s said Expo 2020 is bound to drive economic growth in Dubai between 2019 and 2022
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.
Brazilian economy increased from Q1.
Contribution to the non-oil GDP reached USD 8.8 billion in 2018, amounting to 6.8%.
Financial market increased its projection for Brazilian economy growth from 0.81% to 0.83%.
Gross Domestic Product (GDP) was fueled by industries including fertilizers, financial services, hotels and agriculture.
Financial institutions estimate that Selic will slid from 6% to 5% by the end of the year.
The region’s economy is seen growing 0.5% this year according to the UN agency, down from 0.9% in 2018.
The increment was driven by non-oil sectors including services, industry, public works and agriculture.
Executive Board published a report about the Arab country and forecasted non-oil GDP growth at 5.4% in 2019.
Fund allowed Egypt to draw USD 2 billion, the fifth part of the USD 12 billion agreement signed in 2016. IMF acting managing director praised the reforms made by the country.
After sliding for 20 straight weeks, the 2019 economic growth projection from respondents of a Brazilian Central Bank poll edged up to 0.82%, up from 0.81% as of last week.
