Brazil’s GDP to grow 5.2% in 2021; more positive view about services – FGV Ibre

According to FGV Ibre calculations, the GDP of services rose 0.9% in the three months ending in June and will end in 2021 with an advance of 5%, after having fallen 4.5% last year.

RIO DE JANEIRO, BRAZIL - Due to the pandemic improvement in the country, which brings a more positive view about services, the FGV Ibre's projections team raised the estimate for the expansion of the Gross Domestic Product (GDP) in 2021, from 4.8% to 5.2%.

Industry should no longer be the engine of growth. Still, other sectors will fill this space, assessed the Brazilian Institute of Economics of the Getulio Vargas Foundation (FGV Ibre).

The seasonally adjusted projection of a 0.1% increase between the first and second quarters was maintained. However, the composition expected for the recovery now . . .

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