The estimate for 2021 was made by the Dubai Chamber of Commerce and Industry. The sector is expected to grow 4.9% per year in the country. In 2016, Dubai added 250,000 square meters in new retail stores.
Brazilian Central Bank data show economic activity dropped in January from December for the seventh month in a row, this time by 0.2%.
The unemployment rate of the December to February period reached 13.2%, according to the Brazilian Institute of Geography and Statistics. Both the rate and the number of unemployed are records.
If the projection proves true, then Brazil’s Extended National Consumer Price Index (IPCA) will be lower than the midpoint of the target range set by the monetary authority.
A research by the World Bank shows that MENA immigrants feel connected to their places of origin and want to contribute to their development. For 26%, their interest increased after the Arab Spring.
The International Labor Organization director-general said the number of jobless people will keep climbing for years to come and questioned countries’ approaches to addressing the economic crisis.
Results in the Focus Bulletin, a Central Bank poll of the expectations of Brazilian banks, went down for the third week back-to-back.
The index increased 3.5 points in March and reached 85.3 points, its highest level since December 2014.
Investors from abroad placed USD 16.8 billion in the Brazilian economy in the first two months, with these investments finding their way to almost all sectors: industry, services and mining.
The Brazilian Ministry of Finance sees the economy growing by 0.5% this year, down from a prior forecast of 1%.
The index measured by the National Commerce Confederation for Goods, Services and Tourism increased 0.9% in March over the same month of last year.
The assessment was made by the IMF. After growing 2% in 2016, the country’s economy should see modest growth driven by a rebound in exports, tourism and remittances from abroad.