The Institute of Applied Economic Research (Ipea) released on Monday (10), a report shows that the growth of emerging countries also favors the recovery of the Brazilian economy.

The world scene has remained stable in terms of overall growth, with the exception mainly from emerging economies such as China, that despite the sharp slowdown in recent years, should still contribute nearly 40% of global growth in 2016.

This movement should benefit Brazil, traditional partner of the Chinese. The information is in the Monthly Economic Letter from Ipea, which emphasizes the forecast made by the International Monetary Fund (IMF) of a global economic growth of around 3.1% in 2016 and 3.4% in 2017. The work also evaluated the performance of GDP in different countries, the oil market, commodities, international trade, employment and household consumption.

The decision of the UK to leave the European Union (known as Brexit) caused a lower than expected impact to date, according to the work of the technical planning and research Paulo Mansur Levy, the Board of Studies and Macroeconomic Policies (Dimac) IPEA.

In the United States, the effects of Brexit were also lower than expected and there was a significant improvement in the labor market.

Therefore, despite the fact that US economic activity indicators are volatile and inflation has remained at 2% per year, the arguments about increased interest rates again gain strength. The United States grew 1.4% in the second quarter. Household consumption had positive performance, rising 4.3% and contributing 2.9 percentage points to growth.

In the European Union, the data for the second quarter showed deceleration of GDP growth of 0.5% in the first quarter to 0.3% compared to the previous quarter. The quarterly growth of household consumption fell from 0.6% in the first quarter to 0.2% in the second - the lowest increase since the first quarter of 2014.

Finally, China investments accelerated further (for an increase of 8.2% compared to August 2015), after variation of only 3.9% in July. The rate of increase in private investment in the industrial sector had much more modest reaction, from 0.7% to 1%. Investments in the real estate sector also accelerated, an increase of 6.2% compared to August 2015.

In the overall picture, the third quarter was characterized by the reversal of the negative expectations prevailing at the end of June, without having been able, however, to overcome the more structural uncertainties. Moderate growth period in the Euro Zone was positively influenced by exports.