Economy

Brazil's GDP grows in third quarter, ending the country's recession

The government says Brazil's economy has pulled out of the recession it slipped into after the second quarter of the year.

Fox Business
01/12/2014 14:13
Visualizações: 1438 (0) (0) (0) (0)

The government says Brazil's economy has pulled out of the recession it slipped into after the second quarter of the year.

 

The IBGE statistics bureau said Friday that Brazil's gross domestic product grew 0.1 percent in the third quarter, ending the technical recession of the first half of the year.

 

A technical recession is defined as two consecutive quarters of contracting GDP.

 

In the first quarter of 2014, the economy contracted 0.2 percent while in the second quarter it dropped 0.6 percent.

 

The IBGE said that industrial output in the third quarter expanded 1.7 percent, while the service sector grew 0.5 percent. Agricultural output contracted 1.9 percent and family consumption fell 1.3 percent.

Most Read Today
see see
Fenasucro
Future Fuel consolidates Brazilian pioneering role and b...
20/05/26
Partnership
Radix partners with Repsol Sinopec Brasil and PUCRS to c...
20/05/26
Communication
The behind-the-scenes story of communication and adverti...
20/05/26
Result
Total oil production under production-sharing regime hit...
20/05/26
BOGE2026
Global geopolitics’ impact on the local oil sector to be...
19/05/26
International Women's Day
IBP celebrates International Women at Sea Day and reinfo...
19/05/26
Pre-Salt
Mero Field in the Santos Basin Pre-Salt Receives Unprece...
14/05/26
Results
Petrobras reports net profit of R$ 32.7 billion in the f...
14/05/26
Partnership
Halliburton and Shape Digital establish strategic collab...
06/05/26
ROG.e 2026
ROG.e 2026 will bring together CEOs from TotalEnergies, ...
06/05/26
International
At OTC Houston 2026, Firjan SENAI SESI expands its reach...
06/05/26
International
At OTC Houston 2026, Firjan SENAI holds international ed...
04/05/26
Recognition
BRAVA Energia receives top global industry award for Atl...
04/05/26
International
Brazil reaffirms technological leadership at OTC Houston...
04/05/26
Pre-Salt
PPSA closes 2025 with a net profit of R$ 30.1 million
04/05/26
Results
With 5.531 million boe/d, Brazil continues with record o...
04/05/26
International
Brazil reaffirms technological leadership at OTC Houston...
02/05/26
Environment
Brazil appears among world's largest methane emitters in...
30/04/26
PPSA
Federal Government receives R$ 917.32 million from Tupi ...
07/04/26
Study
Brazil increases dependence on thermal power, but lack o...
07/04/26
Permanent Offer
Permanent Production Sharing Offer (OPP): ANP publishes ...
07/04/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.