Brazil's economy grew 0.57% in July from June, Brazil's Central Bank said citing the Economic Activity Index (IBC-Br). The data shows a second consecutive month of GDP growth in South America's largest economy.Add your comment!
The United States economic growth was stronger than initially thought in the second quarter, notching its best performance in nearly four years and putting the economy on track to hit the Trump administration’s goal of 3% annual growth.
Argentina’s economy is expected to contract 1% in 2018, but grow by at least 1.5% next year, Minister Nicolas Dujovne told reporters on Monday. Dujovne said the government was maintaining its fiscal deficit target of 2.7% of GDP for full-year 2018. The government also expects a current account deficit of 3% of GDP in 2019, he said.
A no-deal Brexit could lead to the break-up of the UK, the ex-president of the European Council has warned. Herman Van Rompuy told The Observer leaving the EU without a deal posed an existential threat to the UK. He added a no-deal scenario would have a big impact on regions such as Scotland.
Argentina’s economy contracted 6.7% in June compared with the same month last year, and 1.3% compared with May, government statistics agency Indec said on Thursday. June was the third consecutive month of decline following 5.2% in May and 0.6% in April.
Brazil's financial institutions on Monday reduced the 2018 economic growth forecast to 1.5%, half the initial estimate issued at the beginning of the year, according to the Central Bank weekly survey. The Focus Bulletin, which interviews analysts and economists from Brazil's financial market every Monday, the country's growth estimate was actually reduced from the previous week's 1.53%.
The British government must increase spending on the armed forces if Britain is to maintain its defense relationship with the United States, MPs have warned. The Commons Defense Committee said without further investment, UK forces would struggle to maintain “interoperability” with the US military, diminishing their usefulness as allies.
Brazil's financial market has downgraded its 2018 economic growth forecast from 2.37% to 2.18%, according to a Focus poll released on Monday by the Central Bank. Four weeks ago, a similar survey of the country's leading financial institutions showed GDP was expected to expand 2.7%.
The UK economy expanded at a slightly faster pace in the fourth quarter on services and manufacturing output, but the full-year growth was the weakest in five years, preliminary data from the Office for National Statistics showed. GDP grew 0.5% sequentially in the fourth quarter, while the rate was forecast to remain unchanged at 0.4%.
A new index that measures a nation's wealth by taking into account factors such as natural resources, social stability and wellbeing, has painted Colombia and Venezuela in a very different light to that suggested by their GDP (gross domestic product) — the traditional measure of a country's success.