Brazil’s 2014 GDP Surprises Officials and Grows

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s 2014 Gross Domestic Product results surprised government officials by growing 0.1 percent last year and totaling R$5.2 trillion (approximately US$1.7 trillion), according to the IBGE (Brazil’s Statistics Bureau). Earlier this week Brazil’s Central Bank had forecast a retraction of the GDP by 0.1 percent for 2014.

The country’s economic results for 2014, the last year of President Rousseff’s first term, were drastically different from the results of her first year as president, in 2010, when the country’s . . .

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