Brazil Has to Grow 5.2% in Last Quarter to Reach Government’s Forecast

The economy of Brazil grew 2.5% in the first three quarters of 2006, compared to the same period last year. Industry was the sector that grew the most, with a positive performance of 2.7%.

The data are from the National Accounts report, published today, November 30, by the Brazilian Institute of Geography and Statistics (IBGE).

The Brazilian Gross Domestic Product (GDP) saw 0.5% growth in the third quarter compared to the second one, and 3.2% growth compared with the same period last year.

The Brazilian economy will have to grow 5.2% in the last quarter of this year, when compared to the same period of 2005, so that the 2006 consolidated Gross Domestic Product (GDP, the sum of all the country riches) may grow the 3.2% anticipated by the federal government.

The estimate was made by the coordinators of the National Accounts from the Brazilian Institute of Geography and Statistics (IBGE), which calculates the Brazilian GDP.

Since the third quarter of 2004, when the GDP grew 5.9% compared to the same period of the previous year, Brazil hasn’t grown more than 5%. In the fourth quarter of 2005, for example, the Brazilian economy grew 1.4%. In the last quarter of 2004, the growth had been 4.7%.

Tags:

Ads

You May Also Like

Russian Steel Factory in Brazil Will Create 8,000 Jobs

The Russian groups TMK and Commetpron will invest US$ 1.8 billion in the first ...

Brazilian Boy, 8, Survives 8 Days in Hole Eating Leaves and Mud

An eight-year old Brazilian boy ate leaves and mud and drank rainwater to survive ...

Argentina Teaches Brazil How to Legalize Its Illegal Aliens

Over 330.000 undocumented immigrants have become legal residents of Argentina in the last six ...

Death of 3 Youngsters Shows How Cozy Brazil’s Army Is with Drug Traffickers

There's something to be said about Rio de Janeiro. It is undoubtedly one of ...

Best-seller Books, Plays and Movies

By Brazzil Magazine Velório à Brasileira (Wake Brazilian Style)—Comedy—After winning the big prize in ...

Brazil Might Leave Bolivia and Appeal to International Court

Brazilian Energy Minister Silas Rondeau said yesterday, October 23, there has been progress in ...

Brazil’s Rural Housing Deficit at 1.7 Million

In Brazil’s rural areas, the population suffers from a housing deficit of more than ...

Brazilian Gets 5 Years for Bribing US Official and Sheltering Illegals

A former Allston (Boston) man, an undocumented Brazilian, was sentenced this Tuesday, January 23, ...

Beef from Brazil

Thanks to Russia and the US Brazil Beef Exports Grow Over 40%

Brazilian exports of cattle beef generated US$ 1.4 billion in the first four months ...