TEHRAN (ANA)- Brazil's financial market reduced its inflation forecast for 2024 from 4.02 to 4 percent and raised the forecast for 2025 from 3.88 to 3.90 percent, the central bank said.

TEHRAN (ANA)- Argentina will stop expanding its monetary base to reduce inflation in the country, Argentine Economy Minister Luis Caputo said.

TEHRAN (ANA)- Venezuela in June registered its highest crude oil production so far this year, according to a monthly report issued by the Organization of Petroleum Exporting Countries (OPEC).

TEHRAN (ANA)- Industrial activity in Mexico saw a year-on-year increase of 1.7 percent in the first five months of 2024, mainly driven by the construction sector, the National Institute of Statistics and Geography (INEGI) reported.

TEHRAN (ANA)- Chile's government has raised the country's minimum wage to 500,000 Chilean pesos (about 530 U.S. dollars), marking the largest minimum wage hike in nearly 30 years.

TEHRAN (ANA)- Brazil's 2024 grain harvest is set to be 5.9 percent smaller than 2023 due to poor weather in several parts of the country, the state-run Brazilian Institute of Geography and Statistics (IBGE) reported.

TEHRAN (ANA)- Brazil's financial market maintained its 2024 economic growth forecast almost unchanged, even after the Monetary Policy Committee (Copom) of Brazil's Central Bank decided last week to pause the monetary easing policy adopted in August, the bank said.

TEHRAN (ANA)- Argentina's gross domestic product (GDP) fell 5.1 percent year-on-year in the first quarter of 2024, the National Institute of Statistics and Censuses (INDEC) reported.

TEHRAN (ANA)- The U.S. real Gross Domestic Product (GDP) for the first quarter grew 1.4 percent on an annualized basis, 0.1 percentage points higher than previously estimated, according to the third and final estimate released by the Commerce Department's Bureau of Economic Analysis.

TEHRAN (ANA)- The ongoing expansion of trade restrictions and insufficient progress in addressing the vulnerabilities highlighted by the 2023 bank failures both pose important downside risks for the U.S. economy, the International Monetary Fund (IMF) said.