No menu items!

GDP and private investment in Brazil both down in 2nd quarter, disappointing market expectations

RIO DE JANEIRO, BRAZIL - The Brazilian GDP (Gross Domestic Product) surprised negatively by slipping 0.1% in the second quarter compared to the first, according to the IBGE (Brazilian Institute of Geography and Statistics). The financial market was expecting an increase of 0.2%.

The performance of private investment, measured by the Gross Fixed Capital Formation (GFCF), also came as a negative surprise; it dropped 3.6% in comparison to the first quarter after two consecutive drops. The figure was worse than the expected drop of 2.2%, according to Valor Data's survey with consulting and financial institutions.

Investment . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content