The Brazilian government's interest payment bill on the national debt could fall by 417 billion reais (some US$ $100 billion) over the course of its four-year term ending in 2022, by which time the primary budget deficit could also be completely eliminated, a senior Economy Ministry official said on Thursday.
Brazil’s statistics agency IBGE will revise the country’s third quarter GDP figures, it said, after upward revisions to export data this week suggested growth may have been stronger than first estimated.
Incoming European Central Bank chief Christine Lagarde on Wednesday took aim at Germany and other thrifty Eurozone members running budgetary surpluses, saying they should increase their spending to shore up slowing growth.
China's economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.
The International Monetary Fund Managing Director Christine Lagarde, speaking at a news conference in New York alongside Argentine Economy Minister Nicolas Dujovne, said IMF was “significantly frontloading” disbursements under the program adding the Argentine central bank had agreed as part of the deal to allow the peso currency to float freely and would only intervene in the foreign exchange market in extreme circumstances.