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Economy

Brazil economy up 0.4% in second quarter

The growth in the last 12 months was reported at 1%

Published on 29/08/2019 - 15:22 By Vitor Abdala - Rio de Janeiro

Brazil’s gross domestic product (GDP) saw a 0.4 percent increase in the second quarter from the previous quarter this year. The figures were released in Rio de Janeiro today (Aug 29) by government statistics institute IBGE.

In the period surveyed, the Brazilian economy produced the equivalent of $428.3 billion.

The GDP also increased one percent compared to the second quarter of 2019 and one percent in the last 12 months.

“The Brazilian GDP grew 0.4 percent in the second quarter of 2019, twice the prediction of newspapers and specialists, and the best performance in six years for the period,” Bolsonaro tweeted. “We’re on the right track,” the president wrote.

Translation: Fabrício Ferreira - Edition: Kleber Sampaio / Nira Foster

GDP IBGE

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