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World 25 Sep 2020 | 5:08 AM

Brazil retail trade confidence up 3 points in September

RIO DE JANEIRO, Sept. 24 (Xinhua) -- Retail trade confidence in Brazil rose 3 points in September for the fifth consecutive month of increased optimism, climbing back up to the pre-pandemic level, the Getulio Vargas Foundation (FGV) said on Thursday.

World 25 Sep 2020 | 4:45 AM

Brazil's central bank upgrades 2020 growth forecast to 5 pct drop in GDP

BRASILIA, Sept. 24 (Xinhua) -- The Central Bank of Brazil upgraded its economic growth forecast for 2020, from a 6.4 percent contraction to a 5 percent contraction, the bank said Thursday in its Quarterly Report on Inflation.