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Consumer prices in Brazil fell in November at the fastest pace in a year and a half. According to IBGE, the fall was 0.21%, while experts had predicted a decrease in prices by only 0.09%. Annual inflation also showed a slowdown, reaching 4.05% compared to 4.56% in October. If forecasts for further price cuts hold true, then at the end of the year inflation will be lower than the 4.5% target level of the Central Bank of Brazil by 60 basis points. Experts do not expect tightening of the monetary policy of the regulator next year. According to estimates of the Brazilian Central Bank, in 2018, the country's economy will increase by 1.39%, and next year its growth will be 2.5%.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
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