After stalling in the first three months of 2019, the economy has now had two consecutive quarters of growth, says statistics agency
Brazil's President Jair Bolsonaro in Brasilia, Brazil, November 21 2019. Picture: REUTERS/UESLEI MARCELINO
After stalling in the first three months of the year, the economy has now had two consecutive quarters of growth, the statistics agency said, steering clear of a recession that had seemed likely only months ago. An initial reading showing the economy contracted by 0.2% in the first quarter has also been revised to zero. The third-quarter figure beat expectations of analysts surveyed by the Brazilian economic daily Valor, who had predicted 0.4% growth.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: JSE drops as investors mull conflicting trade-war reportsSA’s current-account deficit narrowed in the third quarter to 3.7% of GDP, from 4.1% in the second quarter
Read more »
LootLove defends her bae“In your grown age, you’re telling me you haven’t figured out that it’s possible to outgrow or just simply not like the music an artist makes?”
Read more »
WATCH: How the GDP data could affect SA’s ratingBusiness Day TV spoke to RMB currency trader Jan Sluis-Cremer about SA’s growth outlook
Read more »
WATCH: Remember to gamble responsibly over the festive season | IOL NewsThrough its initiative the National Responsible Gambling Programme free confidential treatment and counselling is offered ...
Read more »
BUSI MAVUSO: Government needs to pull out all the stops to escape low-growth trapConvincing Moody’s that economic changes are being made will be a Herculean task
Read more »
Exposure to SA economy slows GEPF investment growthThe Government Employees Pension Fund portfolio has only grown by 0.88% during 2019
Read more »