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Economy And The Numbers

Brazil GDP Grows 0.1% Q4

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

The Brazilian economy expanded slightly as expected in the final quarter, according to figures released on Tuesday by the Brazilian Institute of Geography and Statistics, or IBGE.

Gross domestic product advanced 0.1 percent sequentially in the fourth quarter after stagnation in the third quarter.

The expenditure breakdown showed that government consumption rose 1.0 percent, while household consumption remained flat. At the same time, negative contribution came from gross fixed capital formation, which shrank 3.5 percent.

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