The Brazilian economy should continue growing in the coming months, although at a lower rate than in the first quarter. The assessment was made today by the National Confederation of Industries.
Author: Agência Brasil
The National Treasury has once again issued foreign debt bonds, known as Global 21, maturing in 2021. The papers will be issued in the United States and European markets.
Expenditure during international trips have exceeded US$ 7 billion in the first half. Spending by foreigners in Brazil reached US$ 2.94 billion during the period.
The figure results from US$ 13.9 billion in exports and US$ 12.4 billion in imports so far this month, and is lower than the surplus recorded in July 2009.
The signing of the free-trade agreement between the South American bloc and the Arab country is expected. The meeting will be held in San Juan, Argentina, on August 2nd and 3rd.
Energy consumption in Brazil grew by nearly 10% in the first half this year, boosted by good performance across all market segments. The data were culled from the government’s Energy Research Company.
According to the UN agency, the country should see the highest growth among Latin American and Caribbean economies. The GDP of the two regions should increase by 5.2% on average.
The mining company has concluded 75% of the works required for the Moatize mineral coal mine to operate. A total of US$ 719 million has been invested, and exports begin in June 2011.
The figure was a result of US$ 4.192 billion in exports and US$ 3.801 billion in imports. Thus far in July, the surplus is 12% lower, on average, than in the same month of 2009.
The Focus bulletin, disclosed today by the Brazilian Central Bank, shows the same projection for the second week in a row. For 2011, the Brazilian economy is expected to grow by 4.5%.
According to the governor of the state, Paulo Hartung, production should rise from the current 8 million cubic metres to up to 16 million over the next few years.
The Brazilian president wants negotiations to move forward during his last period in the rotating presidency of the South American bloc, in the second half.
The high-speed rail is going to connect Rio de Janeiro, São Paulo e Campinas. The auction will be held at the Mercantile and Futures Exchange, in the capital of the state of São Paulo.
A survey by the Brazilian Statistics Institute shows that retail sales grew 10.2% in May, compared with the same period of last year, the highlights being household appliances and TV sets.
