The institution reported this Thursday (24th) that it expects Brazil’s Gross Domestic Product to shrink 2.7% in 2015. The previous estimate was 1.1%.
Author: Agência Brasil
According to the Finance minister, Joaquim Levy, the current appreciation of the North American currency is a global trend and a problem not only to Brazil.
The Brazilian Central Bank has maintained its growth projection for credit operations in the country. As of August, consumers and corporations had R$ 3.13 trillion (US$ 780.2 billion) in loans taken out.
The estimate for 2015 has been revised from US$ 81 billion to US$ 65 billion. The institution says foreign direct investment will be enough to finance the negative result in international transactions.
The Brazilian state-owned oil company reported that negotiations with Mitsui are in their final stages concerning the latter’s acquisition of a stake in the former’s gas industry subsidiary.
Brazilians spent US$ 1.2 billion in visits to other countries in August, according to data from the Brazilian Central Bank. It’s a decline of 46.2% over the same month of 2014.
The Brazilian economy slowed down month-on-month from June. In June from May, activity had declined by 0.73%, as per a Central Bank index that tracks the evolution of the economy.
Index from the National Confederation of Industry hit 35.7 points, the lowest score since records started being kept in 1999.
Expansion plan of the energy sector forecasts an increase of 55% in power generation in Brazil until 2024.
According to the Ministry of Agriculture, the total produced by Brazilian crops and pastures reaches US$ 122.58 billion this year.
The country produced 725 million dozen eggs in Q2 of this year. According to the Brazilian statistics institution, it was the highest volume of production since the survey started in 1983.
Measures announced this Monday are intended to add US$ 16.7 billion to the Brazilian Federal Budget in 2016, between spending cuts and increased revenue collection.
A Brazilian Central Bank poll of financial institutions points to a 2.55% shrinkage of the economy in 2015. Last week’s forecast had been 2.44%.
The 2014/2015 crop was larger than the preceding one, the National Supply Company reported. This time, 209.5 million tons were harvested, a 15.9 million-ton increase. Higher maize output was a factor.
