brazil growth estimate for 2018 slashed
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 growth estimate for 2018 slashed

Arab Today, arab today

Arab Today, arab today Brazil growth estimate for 2018 slashed

Washington - Arab Today

Brazil’s economy appears to have turned a corner, but political uncertainty is on the rise, prompting the International Monetary Fund (IMF) on Thursday to cut its 2018 growth forecast for the recession-hit country.
The recovery is likely to be “subdued” because “a recent rise in political uncertainty has cast a shadow over the outlook,” the fund said in its annual review of the Brazilian economy.
The IMF now forecasts growth rise to 0.3 percent this year — a slight increase from the 0.2 percent estimate in April, and a dramatic improvement over the 3.6 percent contraction last year. But the IMF cut the growth outlook for 2018 to 1.3 percent from 1.7 percent in its April report. The economy is expected to expand by 2 percent in 2019 and subsequent years.
“Brazil’s deep recession appears close to an end,” the report said, acknowledging the “ambitious reform agenda” of President Michel Temer’s government.
But Temer is battling for his political survival after being charged with taking bribes.
The IMF cautioned that “the government’s ability to deliver on social security reform, a necessary step toward securing fiscal sustainability, has become more uncertain — and, with national elections scheduled for 2018, the window for legislative action is closing.”
The IMF prepared its report before the Brazilian Senate this week passed sweeping and controversial labor reforms, which allow companies and workers to negotiate agreements on certain issues, end compulsory union dues and give firms more flexibility on work hours and vacations for employees.
Temer has said Brazil’s economy faces a meltdown without severe fiscal discipline and belt tightening, and succeeded in getting Congress to pass a 20-year freeze on spending increases.

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 growth estimate for 2018 slashed brazil growth estimate for 2018 slashed

 



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 growth estimate for 2018 slashed brazil growth estimate for 2018 slashed

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms

GMT 19:56 2017 Thursday ,09 March

Qatar Pavilion Opens at ITB Berlin

GMT 23:34 2013 Thursday ,07 February

New BMW 3 Series Gran Turismo

GMT 12:57 2017 Friday ,13 October

JPMorgan open to digital money if regulated

GMT 04:38 2017 Friday ,10 March

ADNOC opens fifth ADNOC Xpress

GMT 10:30 2017 Friday ,10 November

BDF military contingent honoured

GMT 17:37 2017 Tuesday ,24 January

China jails former Sinopec president for graft

GMT 19:34 2017 Sunday ,14 May

Austria centre-right calls for snap elections

GMT 14:54 2014 Saturday ,29 November

Wall cladding, wallpaper, fabric and wood!
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