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.
Author: Agência Brasil
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.
The Brazilian institution will start the first edition of a census of foreign capital in the country. Enterprises in which foreigners own direct stakes are required to submit a statement.
President Dilma Rousseff started on Wednesday (25), in London, a campaign to promote Brazil abroad, pointing out tourism, technology, culture and hospitality in the country.
Foreign direct investment in Brazil reached US$ 6.3 billion on Friday and may exceed US$ 7 billion by the end of the month.
Consumption during international travels reached US$ 1.6 billion in June. It is the lowest result for the month since 2010.
The Brazilian Central Bank president Alexandre Tombini has stated that economic growth will go on a new direction in the coming quarters, at an annualized growth rate of 4%.
The debt grew 2.53% due to the US$ 4.9 billion issue that the Brazilian Development Bank made. Total debt is US$ 937 billion.
The evaluation of the International Monetary Fund (IMF) disclosed on Friday shows that the economy of Brazil should grow 4% in the last quarter of 2012, mainly due to domestic trade.
The Brazilian Foreign Ministry (Itamaraty) has temporarily allocated personnel from the embassy in Damascus to Beirut, but informs that it will not shut down its office in Syria.
