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The Central Bank of Brazil lowered the country's GDP growth forecast for 2018 from 2.6% to 1.6% against the backdrop of a worsening economic situation in the second quarter of this year. The Central Bank also raised the inflation forecast for this year from 3.8% to 4.2%. Nevertheless, the forecasted inflation still remained below the target of the Brazilian regulator in 4.5%. Earlier, the Brazilian Central Bank reported that inflation in the country was moving towards the target, and kept the key interest rate at 6.5%. At the same time, the Central Bank noted that the economic growth in the country remained weak.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
The Dollar traded lower earlier on Friday in Asia, continuing its descent from the previous session as the U.S. struggles to curb the rapid increase of COVID-19 cases in the country. In addition, recent data showing an unexpected rise in unemployment ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
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