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Brazil’s gross domestic product (GDP) contracted 0.1% in the second quarter of 2021, compared to the immediately preceding period. The result is lower than the expectations of economists, who expected a slight increase, after the significant result of the first quarter, where there was a growth of 1.2%.
The figures were published this Wednesday 1st by the Brazilian Institute of Geography and Statistics (IBGE), which qualifies the result of “stability”.
Compared to the second quarter of 2020, the peak of the economic effects caused by the coronavirus pandemic, GDP increased by 12.4%.
In the first half consolidated GDP cumulates a high of 6.4%. In the cumulative result of the last four quarters, ending in June 2021, GDP grew by 1.8%.
According to the Focus Bulletin, published by the Central Bank (BC) on Monday (30), economists expect GDP growth in 2021 to be 5.22%. The forecast is lower than the previous week, when the projected index was 5.27%.