Mendes Ribeiro (Agriculture) said that Brazilian grain production should reach 166 million tonnes this year. The IBGE, however, forecasts a crop of 163 million tonnes.
Author: Agência Brasil
The period will be much more favourable to the Brazilian economy, according to the heads of public and private institutions.
The president will have a busy second-half schedule. She will open the UN General Assembly in September in the USA and partake in the Summit of South American-Arab Countries (Aspa) in October.
According to the Brazilian institute of Geography and Statistics, activity has picked up, especially in Amazonas and Espírito Santo. Pernambuco, Bahia, Minas Gerais and São Paulo also posted growth.
Automakers operating in the country manufactured 297,800 units in July. Sales increased by a much higher rate than the number of motor vehicles produced.
This Monday (6th), the oil company’ president Graça Foster said results will not be negative in quarters to come. The performance was influenced by depreciation of Brazil’s real.
According to figures disclosed by the Central Bank, Brazilian companies spent a net US$ 2.8 billion with purchases from companies abroad in the first half.
The improvement of the economy of Brazil is gradual, according to an evaluation on Friday (3) by the Central Bank of Brazil.
Electricity generation was down 0.8% in Brazil in July from June, at 57,700 megawatts. A decline in demand from industry was one of the causes.
Since 2011, the Brazilian Federal Savings Bank has loaned 13 billion reals (US$ 6.3 billion) to the oil, gas and naval industries. The bank wants to reach the 20-billion-real mark this year.
The outflow of foreign currency from Brazil exceeded the inflow by US$ 1.46 billion, according to the Central Bank.
The Brazilian public sector posted a US$ 1.3 billion surplus in June, down from the result of the same month in 2011. The sum did not suffice to cover interest on the debt.
Projections by analysts are for the economy of Brazil to grow 1.9% this year. Next year the estimate has dropped from 4.1% to 4.05%.
In the balance of the Growth Acceleration Programme, the Federal Government states that perspectives are uncertain, but that the economy of Brazil has started recovering its vigour.
