{"id":317493,"date":"2022-09-01T16:30:47","date_gmt":"2022-09-01T19:30:47","guid":{"rendered":"https:\/\/anba.com.br\/economia-brasileira-cresceu-12-no-segundo-trimestre-2\/"},"modified":"2022-09-02T18:08:53","modified_gmt":"2022-09-02T21:08:53","slug":"brazils-gdp-up-1-2-in-q2","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/brazils-gdp-up-1-2-in-q2\/","title":{"rendered":"Brazil\u2019s GDP up 1.2% in Q2"},"content":{"rendered":"<p>Rio de Janeiro \u2013 The Gross Domestic Product (<strong>GDP<\/strong>), the total of final goods and services produced in <strong>Brazil<\/strong>, grew 1.2% in the second quarter of this year compared to the previous period. The result is the fourth positive result in a row, after dropping 0.3% in the <strong>second quarter<\/strong> of 2021. At current rates, GDP reached BRL 2.404 trillion (about USD 466.35 billion).<\/p>\n<p>The numbers, which are part of the System of Quarterly National Accounts, were released this Thursday (1), in Rio de Janeiro, by the Brazilian Institute of Geography and Statistics (IBGE). As a result, GDP increased by 2.5% in the <strong>first half<\/strong> of 2022.<\/p>\n<p>According to the IBGE, growth in the second quarter was boosted by the 1.3% <strong>services<\/strong> expansion. The coordinator of National Accounts at IBGE, Rebeca Palis, informed services are weighing 70% on the economy, thus resulting in a more significant impact on this result.<\/p>\n<p><strong>Industry<\/strong> rose 2.2%, which was the second consecutive positive result for the sector after falling 0.9% in the fourth quarter of 2021. For the IBGE, it is the highest positive rate for the industry since the third quarter of 2020 (14.7%).<\/p>\n<p>After a 0.9% decline in the last quarter, <strong>agriculture<\/strong> slipped 0.5% in the second quarter of 2022. According to Rebeca Palis, the sector is significantly linked to seasonality and, in the semester, has been falling, pulled by the contraction in soybean production, the leading crop.<\/p>\n<p><strong>Household consumption<\/strong> increased by 2.6% in the second quarter. The percentage is the highest since the fourth quarter of 2020 when it reached 3.1%. In contrast, government spending fell 0.9%, after showing stability in the previous quarter, when it reported a 0.1% drop.<\/p>\n<p><strong>Translated by El\u00fasio Brasileiro<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-317486\">\u00a9Miguel Schincariol\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Brazil\u2019s 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%.<\/p>\n","protected":false},"author":2315,"featured_media":317486,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[19062,3801,27134,31602,12923,10545,9756,29065,29067,11974,31928,26888,29060,34674],"class_list":{"0":"post-317493","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-brazil-economy","9":"tag-brazilian-economy","10":"tag-economia-en","11":"tag-economia-brasil-en","12":"tag-economia-brasileira-ar","13":"tag-economy-en","14":"tag-gdp-en","15":"tag-gdp-brazil","16":"tag-gdp-ibge","17":"tag-gross-domestic-product","18":"tag-pib-brasil-en-2","19":"tag-pib-brasil-en","20":"tag-pib-ibge-en","21":"tag-produto-interno-bruto-en"},"wps_subtitle":"Brazil\u2019s 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%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/317493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=317493"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/317493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/317486"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=317493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=317493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=317493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}