In an address given in the United States, Christine Lagarde said central banks have fought off the crisis effectively, but said the end of economic incentives requires coordinated action from monetary authorities.
Author: From the Newsroom
Despite the bullish dollar, tourists from Brazil visiting other countries spent a record amount for the month of July, at US$ 2.2 billion.
Brazil’s deficit in purchases and sales of goods and services with other countries increased from US$ 3.7 billion in July last year.
The bloc’s economy grew by a higher rate in quarter two than in quarter one, driven by growth in countries such as United Kingdom, United States and France. The Eurozone rebounded from retraction into growth.
A survey from the Institute of Geography and Statistics points out that workers’ actual income was down 0.9% in July from June. As a result, Brazilians have lost consumption capacity.
The Brazilian Central Bank has announced to the market that it will hold two auctions this Thursday (22nd) on the interbank exchange market.
Revenues from exports to the region increased from January through July this year compared to the same period in 2012. Shipments also increased, by 9.8%.
Domestic industry returned to growth, after a contraction in July. Activity in the sector reached 52.1 points, against 46 in the previous month.
Influx of refugees began last Thursday. People are fleeing the civil war in Syria, which has lasted over two years now.
The industry witnessed only eight operations of the type this year. China’s economic slowdown and ore price variations have caused the decline.
According to the Brazilian president Dilma Rousseff, 75% of the funds originating from the pre-salt layer will be allocated to educational purposes in Brazil. The sum will be invested over a 10-year period.
Brazil’s US$ 334 million deficit resulted from US$ 4.686 billion in exports and US$ 5.02 billion in imports.
The organisation has optimistic forecasts for growth of Brazilian government revenues this year. From January to July, federal revenues have totalled US$ 266 billion.
The Beauty Fair should take place starting on September 7th, in the city of São Paulo and should receive buyers from abroad. Last year, the fair received visitors from Dubai.
