The Industrialist Confidence Index climbed 0.5 percentage point in July, to 57.4 points, however perception of the current economic scenario remains negative.
Browsing: macroeconomics
The economic growth forecast from financial institutions dropped from 0.82% last week to 0.81% in this one.
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.
Report by Euromonitor says that the global economic growth is forecast to decline from 3.8% in 2018 to 3.5% in 2019 and 2020. The study has reduced the prospects of economic growth in Brazil.
A poll of Brazilian financial institutions showed that the National Extended Consumer Price Index is expected to end the year at 3.71%.
The country has a USD 160 million loan agreement in place with the International Monetary Fund to support a reforms program.
The Extended National Consumer Price Index (IPCA) slid by 0.21% as it dropped to its lowest for the month since 1994. Transportation and Housing saw the sharpest drops in prices.
Such was the amount by which Brazil’s Gross Domestic Product widened from June to August, as per think tank Fundação Getulio Vargas’ GDP Monitor.
