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Brazil’s GDP grew 2.9% in 2022, but economy slowed in 4th quarter

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 . . .

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