RIO DE JANEIRO, BRAZIL - The negative result of economic activity in Q1, although expected, puts an end to the economic rebound underway since early 2017, said the Ministry of Economy's Economic Policy Secretariat, in a note on the Gross Domestic Product (GDP) released yesterday, May 29th.
Amid the covid-19 pandemic, GDP dropped by 1.5 percent in Q1 this year compared to Q4 2019. The data were released yesterday, May 29th, in Rio de Janeiro by the Brazilian Institute of Geography and Statistics (IBGE). When compared to Q1 2019, GDP fell by 0.3 percent. In 12 months . . .