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31/05/2017 at 13:44h

Unemployment reaches 14 million people

The unemployment rate reached 13.6% in the three-month period ending in April, according to data made public by the statistics institute IBGE. The number of unemployed rose 23.1% year-over-year.

30/05/2017 at 18:28h

Economic uncertainty up in Brazil

An indicator from think tank Fundação Getulio Vargas increased by 9.3 points in May from April, after dropping for several months on end.

26/05/2017 at 16:13h

Gulf retail market could be 25% bigger by 2021

Sector turnover is expected to reach USD 313.2 billion within four years. Growth will be driven by expansion of the economy and the population, as well as tourism.

26/05/2017 at 13:49h

Brazil ran primary surplus in April

The USD 3.934 billion surplus is the highest for an April since 2015, according to the Central Bank. The first four months of the year saw a primary surplus of USD 4.604 billion.

23/05/2017 at 19:03h

UAE investor mood improves

An index from the First Abu Dhabi Bank shows that the outlook of major investors in the United Arab Emirates has improved this month. Tourism and a stable currency are fueling their optimism.

19/05/2017 at 17:21h

IMF forecasts 0.2% growth for Brazil

The International Monetary Fund is expecting the Brazilian economy to grow marginally in 2017 and then for growth to pick up to 1.7% in 2018.

17/05/2017 at 19:09h

Consumer confidence dropped in April

Consumer confidence index declined 4.1% last month over March, According to the National Confederation of Retail Managers (CNDL), the negative news coverage and rising unemployment impacted the results.

16/05/2017 at 16:52h

UN: world economy gains strength

The United Nations has issued a revised version of its early-year forecasts. World GDP growth expectation was kept the same, but the numbers for Latin America and Brazil worsened.

15/05/2017 at 13:57h

Economic activity up 1.1%

Brazil’s economy grew in this year’s Q1 in comparison to the last quarter of 2016, as shown by indicator from the Brazilian Central Bank (BC).

11/05/2017 at 13:45h

Brazil’s economic climate improves

A survey conducted by Fundação Getulio Vargas shows a 17-point hike in an index in April from January this year.

04/05/2017 at 18:24h

Kuwait posts current account deficit

The price of oil weighed down on the country’s finances in 2016, and on its transactions with the rest of the world. The deficit was to the tune of 1.5 billion Kuwaiti dinars.

02/05/2017 at 15:11h

Market revises down inflation estimate

The National Consumer Price Index forecast dropped for the eighth week in a row, to 4.03% per annum, according to the Central Bank’s Focus Bulletin.