Brazil Q2 GDP Rises

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Friday, Brazil's statistical office IBGE announced that the gross domestic product or GDP increased 1.9% sequentially in the second quarter. Economists expected the GDP to increase 1.4%.

On an annual basis, the GDP fell 1.2% in the second quarter, compared to the 1.4% decline expected by economists.

In the first half of the year, the GDP dropped 1.5% compared to the same period of the previous year.

On September 10, the statistical office had reported the National Consumer Price Index or IPCA inflation slowed to 0.15% in August from the 0.24% growth in the previous month.

Friday, Brazil's statistical office IBGE announced that the gross domestic product or GDP increased 1.9% sequentially in the second quarter. Economists expected the GDP to increase 1.4%. (Market News Provided by RTTNews)