Re: Brazil Watch Thread
Posted: Sun Mar 03, 2024 9:53 pm
Official Data Indicates Brazil Economy Grew 2.9% in 2023
March 1, 2024
Introduction:
March 1, 2024
Introduction:
Read more here: https://www.batimes.com.ar/news/latin- ... ta.phtml(Buenos Aires Times) The Brazilian economy expanded 2.9 percent in 2023 after a fourth quarter of zero growth, according to data released Friday by the IBGE national statistics agency.
The gross domestic product growth of Latin America's largest economy was slightly lower than the 3.0 percent for 2022, according to revised figures.
Growth over the past year was driven mainly by the agricultural sector, which surged by 15.1 percent, the industrial sector (1.6 percent), and services (2.4 percent).
Financial institutions and consulting firms had projected growth of about 0.1 percent in the final three months of 2023, and 3.0 percent for the full year, according to business daily Valor Econômico.
For 2024 the market anticipates gross domestic product growth of 1.75 percent, according to the last survey by the central bank.