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Brazilian economy grows 0.4% in the 3rd quarter and 3.2% year-on-year

The Brazilian economy grew 0.4% in the 3rd quarter compared to the previous period, according to FGV (Fundação Getúlio Vargas).

In the year-on-year comparison, the third quarter was 3.2%.

The GDP (Gross Domestic Product) Monitor was released this Monday (Nov. 21).

In monetary terms, it estimates the accumulated GDP for the first three quarters to be R$7.235 (US$1.3) trillion.

According to the research coordinator, Juliana Trece, the growth was driven by agriculture, industry, and services.

"Despite this positive performance, the result for the 3rd quarter shows a loss of strength . . .

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