The Brazilian Central Bank has lowered its growth estimate for Brazil’s Gross Domestic Product this year to 0.7%. Previous estimate stood at 1.6%.
Author: Agência Brasil
The United Nations has denounced speculative funds like those that purchased Argentinean government bonds. The draft resolution was tabled by Argentina and approved by Brazil.
The Central Bank has maintained its forecast for the year. In the 12-month period ended August, credit was up 11.1%. The government’s credit incentive measures have prevented further decline.
International delegations will be in Brazil next October to see the electronic voting system. The delegates will attend lectures and pay visits to related organizations.
As of 2015, airlines will have to submit data on each passenger disembarking in Brazil. The action is aimed at punishing those who transport values illegally or smuggle drugs, weapons or medicine.
Expenditure amounted to US$ 2.354 billion, the highest figure for the month since 1995. Foreign direct investment in Brazil was also an all-time high for August.
Foreign investment should cover approximately 80% of the country‘s current account deficit, according to the head of the Central Bank’s Economic Department, Tulio Maciel.
Speaking at the Climate Summit in New York, president Dilma Rousseff stated that Brazil is proof that economic growth and environment preservation do not contradict one another.
The 2014 growth estimate from financial institutions for Brazil’s economy has been revised down again, this time from 0.33% to 0.30%.
Partnership for the creation of an integrated strategic agenda for the promotion of tourism in the cities of Rio de Janeiro was launched this Friday.
The survey conducted by the Brazilian Institute of Geography and Statistics, covering Q2 this year, shows a hike from Q2 2013. A total of 5.76 billion litres of milk were processed from April through June.
The United States’ currency sold for R$ 2.35 this Wednesday (17th), following the Federal Reserve’s confirmation that it should wind down economic stimulus measures.
More US dollars entered than left Brazil last week, reversing the negative result recorded in the first week of September.
Demand for credit is up 0.7% in August from July, according to Serasa Experian’s indicator. Year-on-year in August, demand was up 6.2%.
