The Ministry of Economy increased the forecast for Brazilian GDP growth in 2022, from 2% in the July estimate to 2.7%.
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Brazil’s Gross Domestic Product increased from April to June compared to the first three months of the year, mainly driven by the services sector. In the first half, the country grew by 2.5%.
The Brazilian Ministry of Economy revised the growth estimate for the country to 2% in 2022. The previous projection was 1.5%.
Official figures show Brazil’s GDP grew by 1% in the first three months of 2022 over the previous quarter and 1.7% compared to the same period in 2021.
Last year, the Brazilian economy advanced at a rate higher than the 3.9% drop recorded in 2020. Service and industry sectors led the rise.
