Brazil 6% Second-Quarter Growth Beats Forecast on Investment
This article is for subscribers only.
Brazil’s economy expanded more than forecast by all analysts in the second quarter, as government stimulus propped up investment and a weaker real boosted the outlook for manufacturing.
Gross domestic product expanded 1.5 percent during the April to June period, or an annualized 6 percent, the national statistics agency said today. That was the most since the first quarter of 2010 and more than all 44 forecasts from analysts surveyed by Bloomberg, whose median estimate was 0.9 percent. GDP expanded 3.3 percent from the same quarter last year.