The current account deficit stood at US$ 2.547 billion, below the Brazilian Central Bank’s forecast. The negative balance was 50% lower than the one registered in June 2014.
Author: Agência Brasil
Dollar outflow overcame inflow up to 17th of this month, according to the Central Bank. Financial sector was responsible for the deficit.
The New Development Bank (NDB) was created by Brazil, Russiam India, China and South Africa. It started operations this Tuesday (21th) in Shanghai and will fund infrastructure projects.
Survey by the National Confederation of Industry shows a decline of the indicator that measures output and number of jobs in the sector’s companies. Businessmen are ever more pessimistic.
Financial institutions’ estimation for 2015 became more pessimistic. Last week, the forecast for the GDP’s contraction was of 1.5%, according to Brazilian Central Bank’s survey.
China’s State Grid Brazil Holding S/A made the winning bid at the energy auction held by the National Electric Energy Agency at the BM&F Bovespa exchange. The holding will supply 2,550 km of power lines.
Brazil’s economy stood virtually level from May to April. A Central Bank index shows a slight increase, at 0.03%, after two straight months of decline.
According to the international rating agency, the scenario in Brazil will go on influencing corporate results at least until halfway through next year.
Brazil’s Foreign Trade Association has revised its projections for this year and says imports could drop 20%.
A study done by the organization with partner institutions shows that prices should decline, but will still remain in higher levels than in 2008, when the increase begun. Brazil will compensate losses with productivity.
The economy’s weak performance and tax incentives made revenues reach the worst result for a H1 in four years.
The number of Brazilian consumers with overdue debts increased in June from June 2014.
Decline estimation for 2015 was made by a sector’s institution. In the first semester, however, there was an increase of 2% in comparison to the same period of 2014.
The financial market raised its estimation of price increase from 9.04% to 9.12% this year. The raise occurred for the 13th straight time. But for 2016, there were two estimations that pointed to a decline.
