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Brazil’s GDP up 1.2% in Q1 over Q4 2020, returning to pre-pandemic levels

RIO DE JANEIRO, BRAZIL - The Brazilian Gross Domestic Product (GDP) grew 1.2% in the 1st quarter of 2021, compared to the previous quarter, according to the Brazilian Institute of Geography and Statistics (IBGE). In current values, GDP totaled R$2.048 trillion (US$393 billion).

The IBGE figures have confirmed that the Brazilian economy began the year expanding, albeit with a slowdown in the pace of recovery, after growing by 3.2% in the 4th quarter of 2020. Compared to the first quarter of 2020, GDP grew by 1%.

The result was above expectations. The median of projections by . . .

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