By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazil’s Gross Domestic Product (GDP), grew by only 1.1 percent in 2018, according to the PIB Monitor, calculated by the Getulio Vargas Foundation (FGV). The result is the same as in 2017 and much lower than anticipated earlier that year.

“This result is disappointing when one considers that it occurred after two consecutive years of strong economic contraction and a growth with an upward trend in 2017,” says Claudio Considi, coordinator of the PIB-FGV (GDP-FGV).

According to him the economy became almost Subscribe to our Premium Membership Plan. Already Subscribed? Login Here