Brazil Avoids Recession in Q3

The Brazilian economy expanded 0.1 percent on quarter in the three months to September of 2014, pulling out from a first-half contraction, supported by increase in public spending and investment.
Joana Taborda | joana.taborda@tradingeconomics.com 11/28/2014 12:59:18 PM
Government expenditure increased 1.3 percent in the third quarter, after contracting 0.5 percent in the previous period. Gross fixed capital formation expanded 1.3 percent, recovering from a 5.2 percent drop in the second quarter.  Imports advanced 2.4 percent (-1.8 percent in Q2) while exports rose 1 percent (3 percent in Q2). Meanwhile, consumer spending fell 0.3 percent after being flat in the previous period.

In the second quarter of 2014, the GDP shrank 0.6 percent, following a 0.2 percent drop in the first three months of the year, bringing the year-to-date growth to 0.2 percent.

Brazil Avoids Recession in Q3