LatinNews Regional Monitor: Brazil & Southern Cone - 23 November 2018

* Brazil’s ministry of planning, development and management has released its assessment report for the fifth two-month period of 2018, in which it notes that the government must cut R$2.3bn (US$630m) out of its spending budget to stay within the R$159bn (US$41.8bn) primary deficit target. The report shows that the government’s GDP growth forecast for 2018 has been revised downwards to 1.4% (from 1.6% in its previous report). Despite this, Brazil’s national industry confederation (CNI), a private sector lobby, found that business confidence has reached its highest levels in eight years, increasing significantly across all industries between October and November this year.   

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