Brazil’s GDP Rises 0.6% in Third Quarter; Above Market Expectations

According to the median projections of economists consulted by Bloomberg, the expectation was a growth of 0.4% percent in the quarterly comparison and one percent in the annual comparison.

RIO DE JANEIRO, BRAZIL - The Brazilian Gross Domestic Product (GDP) rose 0.6 percent in the third quarter of 2019 compared to the second quarter of 2019. The data were released on Tuesday, November 3rd, by the Brazilian Institute of Geography and Statistics (IBGE).

In current values, the GDP reached R$1.842 trillion (US$438 billion). Compared to the same period in 2018, the GDP rose by 1.19 percent.

The institute also revised the GDP for 2019 up from 1.1 percent to 1.3 percent. The IBGE revised the GDP result for the second quarter to a . . .

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