The consequences come afterwards

BRAZIL ECONOMICS - Report 03 Sep 2025 by Alexandre Schwartsman, Cristina Pinotti and Diego Brandao

GDP grew 0.4% in the second quarter, slightly above average forecasts, 0.3%, but on top of a revised expansion in the first quarter, from 1.4% to 1.3%, that is, broadly in line.

Compared to the same period last year, growth reached 2.2%, accumulating 2.5% in the first half of the year and 3.2% over the last four quarters. The statistical carry-over for 2025 therefore reaches 2.4%.

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