brazil economy expected to show exit from recession
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Brazil economy expected to show exit from recession

Arab Today, arab today

Arab Today, arab today Brazil economy expected to show exit from recession

Brazil's President Michel Temer
Brazilia - Arab Today

Brazil is primed to show a return to growth, the Central Bank indicated Monday, raising hopes that Latin America’s biggest economy could be inching out of a two-year recession.
The official gross domestic product (GDP) statistic is not published until June 1 but the bank issues a preview called the economic activity index. It showed 1.12 percent growth in the first quarter from the last quarter of 2016.
Center-right President Michel Temer’s government has been talking up a slow easing of the economic crisis with a return to growth this year.
“The worst is behind us but I do not want to say that it is over,” said Ignacio Crespo, an economist at Guide Investimentos in Sao Paulo.
The Brazilian economy plunged by 3.8 percent in 2015 and 3.6 percent in 2016, the worst recession on record. This year GDP should grow overall by 0.5 percent, the government says.
Crespo said agriculture would be the mainstay of that tepid recovery, “because the services sector is still very weak and industry has a long way to go.”
Temer, who took over last year after leftist president Dilma Rousseff was impeached, is pushing through reforms to shrink the budget and bring finances under control. His centerpiece, a raising of the minimum retirement age, faces strong opposition.
Despite signs of hope in the economy, unemployment remains at a record 13.7 percent, with more than 14 million people out of work.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

brazil economy expected to show exit from recession brazil economy expected to show exit from recession

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

brazil economy expected to show exit from recession brazil economy expected to show exit from recession

 



GMT 01:34 2017 Sunday ,19 February

Dashti loses last hope to run in Kuwait’s elections

GMT 03:38 2017 Saturday ,18 November

England and Australia set for clash of the titans

GMT 08:21 2017 Monday ,06 March

Iran indicts nuclear negotiator, holds

GMT 09:14 2017 Sunday ,12 November

Crown Prince congratulates Moroccan King

GMT 12:33 2017 Monday ,07 August

European stocks buoyed by bright US jobs data

GMT 10:03 2017 Wednesday ,22 February

Actress Nadeen Najim confident of "Haiba" success

GMT 19:54 2017 Friday ,11 August

Credit Suisse bars trades on some Venezuelan bonds

GMT 20:14 2016 Tuesday ,18 October

Iran Air Force begins large-scale drills

GMT 05:29 2017 Thursday ,13 April

Greece completes sale of 14 airports

GMT 11:24 2017 Thursday ,06 April

Dora is absent from Ramadan Dramas

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90

GMT 01:35 2017 Wednesday ,09 August

Russia Foreign Minister to Visit Japan in Fall

GMT 14:19 2017 Thursday ,19 January

Hana Shiha started working in two new TV series

GMT 05:24 2016 Thursday ,23 June

Emirates Academy is a leading centre

GMT 16:01 2016 Thursday ,09 June

China’s imports fall slows in May

GMT 14:22 2017 Wednesday ,01 March

IOF demolish East Jerusalem home, displace 30 people

GMT 14:32 2013 Monday ,16 December

Window treatment ideas

GMT 07:07 2017 Wednesday ,20 December

New series of Narcos moves to Mexico

GMT 22:41 2017 Friday ,15 December

BOC celebrates National Day

GMT 06:04 2017 Tuesday ,24 January

KSA shines in Gulf, Kuwait bull run slows

GMT 21:20 2017 Monday ,03 April

EU condemns St.Petersburg explosions

GMT 00:45 2017 Tuesday ,05 September

Lebanese newspapers' headlines for 4/9/2017
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday