Brazil’s Economy Shows Resilience With Unexpected Growth
- GDP rises 0.1% q/q and gains 2% y/y in third quarter
- Boost from agriculture fizzles as economic slowdown looms
Brazil's GDP expanded 0.1% in the July-September period from the previous quarter.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
Brazil’s economy unexpectedly expanded in the third quarter, giving a temporary boost to President Luiz Inacio Lula da Silva and his efforts to improve living standards ahead of an anticipated period of softer growth.
Official data released Tuesday show gross domestic product expanded 0.1% in the July-September period from the prior quarter, above all estimates in a Bloomberg survey that had a -0.3% median forecast. From a year ago, the economy grew 2%.