With a predicted growth of 3.1% this year, the country should end the year with a $2.13 tri GDP, overtaking Canada, the IMF announced. Last year, Brazil ranked 11th.
The Ministry of Development, Industry, Trade, and Services has set up the Working Group to Reduce the Brazil Cost, aimed at devising measures to boost the country’s competitiveness and growth. Activities will last four years.
Compared to the first quarter of last year, the GDP is up 4 percent. In the 12-month period, the surge stood at 3.3 percent, government´s statistic agency IBGE reported on Thursday (Jun. 1).
The estimate for the increase in the gross domestic product (GDP) reflects the expansion in employment, the performance of services and the rise in the investment rate.
Brazil’s gross domestic product (GDP) grew one percent in the first quarter of this year from the previous three-month period. The data were released today (Jun 2) by the country’s statistics agency IBGE.
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