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.
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Brazil’s deficit in purchases and sales of goods and services with other countries increased from US$ 3.7 billion in July last year.
Watch in this episode: Arab ambassadors in Rio Grande do Sul, a lecture about the Generation Y, the Brazilian textile industry, interview with Daniel Tubaldini, from company Realizar Alliance, and the city of Petrópolis.
The monetary authority renewed sales contracts denominated in US dollars and held an auction to lower the exchange rate 0.78%. By the end of the day the currency was worth R$ 2.43.
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.
At a talk at the Arab Brazilian Chamber, Eduardo Giannetti said that forecasts for the potential growth of Brazil were excessively optimistic and that the rhythm of growth should remain low in the short run.
Domestic industry returned to growth, after a contraction in July. Activity in the sector reached 52.1 points, against 46 in the previous month.
The industry witnessed only eight operations of the type this year. China’s economic slowdown and ore price variations have caused the decline.
Brazil’s US$ 334 million deficit resulted from US$ 4.686 billion in exports and US$ 5.02 billion in imports.
A company in São Paulo developed a bottling process that allows the juice to last eight months. Product was launched in 2012 and is being shipped to Europe. There have been talks for sales to Arab countries.
The organisation has optimistic forecasts for growth of Brazilian government revenues this year. From January to July, federal revenues have totalled US$ 266 billion.
Increased confidence of industrial businessmen, shown in a CNI survey, will translate into new investment, according to the CNI chairman. ‘All sectors have a more optimistic view of the country,’ he said.
