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dimanche 1 septembre 2013
Brazil GDP beats expectations for second quarter
(The agricultural industry grew by 3.9% in a quarte)
Brazil's economy grew by 3.3% year-on-year in the second quarter, according to official new state figures.
The Instituto Brasileiro de Geografia e Estatistica (IBGE) also said that the economy grew by 1.5% in the quarter from the previous one.
That number was above economists' predictions of 0.9%.
Finance Minister Guido Mantega earlier this month reduced 2013 growth targets to 2.5% from an already reduced 3.0%, and for 2014 down to 4.0% from 4.5%.
Read more... The agricultural industry was responsible for most of the growth
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