Open Demo Account
Home / Market Update / The Brazilian Economy Contracted in Q2 – IBGE

The Brazilian Economy Contracted in Q2 – IBGE

M. Ali 1 September, 2021 10:30 pm Market Update

The Brazilian economy contracted during the second quarter of the year, official data by IBGE showed on Wednesday.

A second wave of the pandemic seems to have negatively impacted demand recovery in Latin America’s biggest economy.

Brazil’s gross domestic product (GDP) declined by 0.1% on a quarterly basis against market expectations and following a 1.2% growth in Q1.

Tags

Check Also

Gold Surges 1.1% as Iran Peace Hopes Crush Dollar and Yields: Silver and Platinum Join the Rally

Key Takeaways Gold jumps: Spot gold rose 1.1% to $4,558.55 per ounce, while gold futures …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends