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Brazil’s economic activity grew 1.7% in Q1 – FGV

RIO DE JANEIRO, BRAZIL - Economic activity grew 1.7% in the first quarter 2021, in the seasonally adjusted series, compared to the fourth quarter 2020. Compared to the first quarter last year, growth stood at 1.6%. Considering March, there was a 2.1% drop compared to February and 5.2% growth compared to March 2020.

The data are from the Gross Domestic Product (GDP) Monitor, released May 17 by the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre/FGV). According to the GDP-FGV Monitor coordinator, Claudio Considera, the positive performance in comparison with last quarter was . . .

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