GDP surprises and Brazil has the 7th largest growth in the world

GDP surprises and Brazil has the 7th largest growth in the world
GDP surprises and Brazil has the 7th largest growth in the world

Economic activity increased by 1.2% in the 2nd quarter, against expectations of +0.9% in the financial market

The 1.2% growth in Brazil’s GDP (Gross Domestic Product) in the 2nd quarter surprised the financial market. Analysts had expected a 0.9% increase against the previous quarter. According to a survey carried out by Austin Rating’s chief economist, Alex Agostini, the expansion in the period was the 7th largest among 26 countries. Here is the full text of the study (52 KB).

Brazil trailed the Netherlands (+2.6%), Turkey (+2.1%), Saudi Arabia (+1.8%), Israel (+1.6%), Colombia (+1.5%) and Sweden (+1.4%) in the ranking. The country rejoined the top 10 of the world’s largest economies in the 1st quarter of 2022.

The financial market projections obtained by the Power 360 indicated that economic activity would grow from 0.4% to 0.9% compared to the 1st quarter of 2022. Considering the GDP preview, the IBC-Br (Economic Activity Index of the Central Bank) showed that Brazil grew 0.57% in the 2nd quarter against the previous one. The GDP monitor of FGV (Fundação Getulio Vargas) said that the Brazilian economy advanced 1.1% in the same period.

Behind Brazil is Mexico (+0.9%), France (+0.5%), Germany (+0.1%), United Kingdom (-0.1%), United States (-0.2% ) and China (-2.6%) in the 2nd quarter of 2022 against the previous quarter.

The biggest growth of the Brazilian GDP in the 2nd quarter was of the industry, which had a high of 2.2%. The service sector advanced 1.3%. In addition, agriculture rose by 0.5%.


The article is in Portuguese

Brazil

Tags: GDP surprises Brazil #7th largest growth world

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