After recording contraction for two consecutive months, the Brazilian economy returned to growth in August. Economic activity advanced 0.5% compared to July, according to an estimate by the Getulio Vargas Foundation (FGV). With the result, the accumulated expansion over 12 months reached 1.8%.
The data were released this Monday (19th) through the GDP Monitor, a monthly survey produced by the Brazilian Economics Institute (Ibre), affiliated with FGV.
The study tracks the performance of Gross Domestic Product (GDP), an indicator that represents the total value of goods and services produced in the country. To do so, it considers information from sectors such as industry, commerce, services and agriculture.
By functioning as…
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