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UPDATE 1-Consumer confidence in Brazil at 5-month low in September- FGV reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
2 Min Read SAO PAULO/BRASILIA, July 14 (Reuters) - Brazil is hoping to raise 100 billion reais ($19.64 billion) with a much-awaited income tax reform proposal, Economy Minister Paulo Guedes said on Wednesday, as the government sharply raised its economic growth forecast for 2021. Brazil’s economy ministry on Wednesday said gross domestic product in Latin America’s largest economy should grow 5.3% this year, up from its previous forecast of 3.5%. It also raised its 2021 inflation expectations to 5.90% from a previous forecast of 5.05%. Still, the central bank, which operates independently of the ministry, said earlier on Wednesday that Brazil’s economy had shrunk in May, surprising economists who had expected it to grow. ....
2 Min Read SAO PAULO/BRASILIA, July 14 (Reuters) - Brazil is hoping to raise 100 billion reais ($19.64 billion) with a much-awaited income tax reform proposal, Economy Minister Paulo Guedes said on Wednesday, as the government sharply raised its economic growth forecast for 2021. Brazil’s economy ministry on Wednesday said gross domestic product in Latin America’s largest economy should grow 5.3% this year, up from its previous forecast of 3.5%. It also raised its 2021 inflation expectations to 5.90% from a previous forecast of 5.05%. Still, the central bank, which operates independently of the ministry, said earlier on Wednesday that Brazil’s economy had shrunk in May, surprising economists who had expected it to grow. ....
Brazil lifts growth forecast, hopes to raise $20 billion with tax reforms msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Brazil current account deficit 0.84% of GDP in year to April, narrowest since 2008 -central bank Reuters 1 hr ago BRASILIA, May 26 (Reuters) - Brazil posted a current account surplus of $5.7 billion in April, the central bank said on Wednesday, shrinking the deficit in the 12 months to April to 0.84% of gross domestic product, the smallest in over 13 years. It was the first monthly surplus in five and slightly less than the $6.2 billion forecast in a Reuters poll of economists, while foreign direct investment in April was $3.5 billion, the central bank said, less than the forecast $5 billion. (Reporting by Camila Moreira and Jamie McGeever) ....