brazil growth estimate for 2018 slashed
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Brazil growth estimate for 2018 slashed

Arab Today, arab today

Arab Today, arab today Brazil growth estimate for 2018 slashed

Washington - Arab Today

Brazil’s economy appears to have turned a corner, but political uncertainty is on the rise, prompting the International Monetary Fund (IMF) on Thursday to cut its 2018 growth forecast for the recession-hit country.
The recovery is likely to be “subdued” because “a recent rise in political uncertainty has cast a shadow over the outlook,” the fund said in its annual review of the Brazilian economy.
The IMF now forecasts growth rise to 0.3 percent this year — a slight increase from the 0.2 percent estimate in April, and a dramatic improvement over the 3.6 percent contraction last year. But the IMF cut the growth outlook for 2018 to 1.3 percent from 1.7 percent in its April report. The economy is expected to expand by 2 percent in 2019 and subsequent years.
“Brazil’s deep recession appears close to an end,” the report said, acknowledging the “ambitious reform agenda” of President Michel Temer’s government.
But Temer is battling for his political survival after being charged with taking bribes.
The IMF cautioned that “the government’s ability to deliver on social security reform, a necessary step toward securing fiscal sustainability, has become more uncertain — and, with national elections scheduled for 2018, the window for legislative action is closing.”
The IMF prepared its report before the Brazilian Senate this week passed sweeping and controversial labor reforms, which allow companies and workers to negotiate agreements on certain issues, end compulsory union dues and give firms more flexibility on work hours and vacations for employees.
Temer has said Brazil’s economy faces a meltdown without severe fiscal discipline and belt tightening, and succeeded in getting Congress to pass a 20-year freeze on spending increases.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

brazil growth estimate for 2018 slashed brazil growth estimate for 2018 slashed

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

brazil growth estimate for 2018 slashed brazil growth estimate for 2018 slashed

 



GMT 15:46 2018 Wednesday ,12 December

Festive Fashion by Dubai-based designer ASMARAÏA

GMT 17:43 2016 Monday ,15 August

Libya forces press assault on last Daesh positions

GMT 09:32 2018 Wednesday ,12 December

Huawei CFO gets bail; China detains ex-Canadian diplomat

GMT 19:48 2016 Friday ,01 January

Rwandan president announces he will seek third term

GMT 20:46 2017 Tuesday ,14 March

French probe opened into 2016 Vegas trip by Macron

GMT 10:13 2017 Saturday ,04 November

Britain, US oppose Russian bid

GMT 06:03 2017 Wednesday ,30 August

Egypt, Belarus FMs confer on bilateral ties

GMT 13:09 2017 Monday ,20 February

Refuses to convert his novel to unethical one

GMT 15:38 2017 Tuesday ,28 March

Erdogan urges quick EU decision on membership bid

GMT 20:21 2017 Monday ,13 March

Turkey formally protests minister's treatment

GMT 08:28 2017 Saturday ,21 October

Fati Jamali proud for representing Morocco

GMT 05:16 2017 Monday ,09 January

New policies could take weight off Fed

GMT 07:58 2017 Tuesday ,01 August

Singer Tamer Hosni happy for 'Good Night' success

GMT 19:51 2011 Tuesday ,19 April

Terach El Samawi wins Wathba Cup
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday