World Bulletin / News Desk
Brazilian President Dilma Rousseff said on Friday her government will unveil more measures to stimulate the economy in August and September, including investments in ports, airports, railroads and highways.
Speaking to journalists in London, where she is attending the opening of the Olympic games, Rousseff anticipated Brazil will grow at a faster rate in coming months, despite the impact of the global economiccrisis.
Brazil, which will host the World Cup in 2014 and the Olympic games in 2016, has been struggling to ramp up its infrastructure as its economy grinds to a near halt.
After strong growth of 7.5 percent in 2010, the economy grew by just 2.7 percent in 2011. This year, economists are forecasting growth of as low as 1.5 percent.
Days after Russian regulator demeaned cryptocurrency, it breaks new records
The figure was slightly lower than analysts had forecast, following a 1.4 percent hike in overall prices in August.
Two parties to work for promoting sustainable economic growth in Developing 8 countries
Investors will also be tracking the start of an EU summit where Brexit will once again be the focus of attention.
BIST 100 index rises 0.45 pct while US dollar/Turkish lira rate stands at 3.67
Bank expects Turkey's strong growth performance to continue in Q3, World Bank Country Director for Turkey says
Industrial production marks first increase in three months, while manufacturing production comes below market expectations
While optimism remains over the world economy and corporate earnings -- helping push global markets to all-time or multi-month highs -- investors moved carefully as they await the next catalyst.
BIST 100 index rises 1.18 pct while US dollar/Turkish lira rate stands over 3.63
BIST 100 index falls 0.24 pct while US dollar/Turkish lira rate climbs to 3.69
National Bank of Ethiopia says devaluation of its currency necessary to boost exports
In its latest forecast, the IMF predicted the Russian economy will expand by 1.8 percent in 2017 and by 1.6 percent in 2018.