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GDP preview is up 0.46% in April, says Central Bank

Economic Growth

Brazil's economy has accumulated a 1.52% hike in the last 12 months. Forecast is of 1.94% growth in 2018
published: Jun 15, 2018 06:26 PM last modified: Jun 15, 2018 06:26 PM

BCB

Financial market experts believe GDP will finish the year on a high

After three months in decline, the Brazilian economy began to grow again in the period from March to April. It grew 0.46% in the period, according to a report released Friday (15) by the Central Bank.

According to the Central Bank's Economic Activity Index (IBC-Br), the country's economy has accumulated a 1.52% hike in the last 12 months and a 3.7% growth in March, compared to the same period last year in the series, without seasonal adjustments.

Forecast

This year, economists heard by the institution bet that the Gross Domestic Product (GDP) will record new growth. In their assessment, the economy should grow 1.94%.