The economy of Brazil’s wealthiest state São Paulo grows 0.4% in 2020

São Paulo Governor João Doria's announcement comes one day after the IBGE reported that Brazil's GDP shrank by 4.1% in 2020.

RIO DE JANEIRO, BRAZIL - The São Paulo State Gross Domestic Product (GDP) grew by 0.4% in 2020, said governor João Doria, based on calculations from the State Data Analysis System Foundation (SEADE).

The governor's announcement at a press conference called for this purpose comes a day after the Brazilian Institute of Geography and Statistics (IBGE) reported that the country's GDP shrank by 4.1% in 2020.

Doria said that the state's growth, in a context of retraction in the country' activity and in most countries, proves the strength of São Paulo. He points . . .

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