Estimate by financial institutions are approaching the established inflation target center. In the Focus Bulletin of this Monday (23), forecasts on the benchmark interest rates were also revised down.
The number of formal jobs, with registered employees, declined 3.33% last year in comparison to 2015.
The indicator, measured by the National Commerce Confederation for Goods, Services and Tourism, declined 1.7% in January.
IMF states that the country is able to ‘mitigate’ the impact of lower oil prices and that non-oil sectors continue to expand.
Report by the organization signals a stability of global GDP rather than sustainable recovery. In the country, unemployment, fiscal adjustment and indebtedness inhibit growth.
The estimate for the growth of the Brazilian economy in 2017 was cut in 0.3 percentage point to 0.2%. Saudi Arabia growth estimate was cut in 1.6 percentage point to 0.4%.
Performance of the sector in Brazil registered a 0.1% increase from October to November 2016. Year-to-date until November, however, it declined 5%.
Decision by the Monetary Policy Committee (Copom) was unanimous. The 0.75 percentage point cut is the deepest since 2012.
The Extended National Consumer Price Index (IPCA) stood below the target center established by the Brazilian Central Bank (BC). Official inflation rate was lower than in 2015 and 2014.
The bank forecasts a 2.7% growth in 2017 against 2.3% in 2016. In Brazil, the recession is likely to end, and the Arab countries are expected to post a stronger performance.
According to consulting firm Serasa Experian, number of consumers in stores throughout Brazil fell 6.6% over 2015.