The Brazilian GDP grew 2.9% last year, show data from the Brazilian Institute of Geography and Statistics (IBGE) released on Thursday (Mar. 2).
And in the fourth quarter, there was a negative variation of 0.2%, in relation to the previous three months, pulled by high-interest rates.
It is the second consecutive year of growth, after the 3.3% retraction of the GDP, in 2020 caused by the effects of the pandemic. In 2021, the Brazilian economy had a 5% expansion in GDP.
The GDP totaled R$9.9 (US$1.9) trillion in 2022. The GDP per . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here