Rio Times Business

Brazil’s GDP Rises 0.6% in Third Quarter; Above Market Expectations

RIO DE JANEIRO, BRAZIL – The Brazilian Gross Domestic Product (GDP) rose 0.6 percent in the third quarter of 2019 compared to the second quarter of 2019. The data were released on Tuesday, November 3rd, by the Brazilian Institute of Geography and Statistics (IBGE).

In current values, the GDP reached R$1.842 trillion (US$438 billion). Compared to the same period in 2018, the GDP rose by 1.19 percent.

The institute also revised the GDP for 2019 up from 1.1 percent to 1.3…

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