Brazil's GDP grows 1.1 pct in 2018

          Source: Xinhua| 2019-03-01 10:14:07|Editor: WX
          Video PlayerClose

          RIO DE JANEIRO, Feb. 28 (Xinhua) -- Brazil's gross domestic product (GDP) increased 1.1 percent year-on-year to 6.8 trillion reals (about 1.8 trillion U.S. dollars) in 2018, the country's official statistics agency IBGE announced Thursday.

          All three sectors of the economy expanded in 2018: Agriculture rose 0.1 percent, industry 0.6 percent and services 1.3 percent.

          The GDP growth in 2018 was lower than forecast by the financial market and the central bank, which projected an expansion between 1.2 and 1.4 percent.

          At the beginning of last year, the expectation was close to 3 percent. However, the truckers' strike at the end of May that paralyzed the country, a weak labor market with high unemployment and the uncertainty of the presidential election in October reduced the forecasts.

          According to the IBGE, households' consumption, one of the engines of the Brazilian economy, increased 1.9 percent in 2018, while government purchases remained stable.

          The per capita GDP rose 0.3 percent to 32,747 reals (about 8,732 U.S. dollars) in 2018.

          In the fourth quarter of 2018, the GDP was up 0.1 percent compared to the third quarter and 1.1 percent year-on-year.

          Although the growth in 2018 was less than expected, it consolidated the recovery of the country's economy, which experienced the worst recession between 2015 and 2016.

          For 2019, the financial market estimated that the economy will grow 2.48 percent, while for 2020, the projection is 2.65 percent.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011100901378598191
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  思思99思思久久最新精品 | 亚洲中文字幕在线一区二区三区 | 亚洲一线免费观看 | 亚洲欧美无线码中文字母 | 欧洲亚洲国产Av大全 | 亚洲综合色婷婷七月丁 |