Economic growth in Brazil in the fourth quarter did not reach forecasts

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The Brazilian economy in the fourth quarter added 0.1% compared to the third quarter, when its growth was at the level of 0.5%, official data showed. Economists had expected a 0.2% rise in GDP. Compared with the same quarter a year earlier, GDP showed an increase of 1.1%, with a 1.3% rise expected by analysts. The most significant increase in production was observed in the construction industry - by 4.6%, and in the mining industry - by 3.9%. Brazil in the last quarter of last year increased exports by 3.6% in quarterly terms and by 12% in annual terms. Imports decreased by 6.6% compared to the third quarter and increased by 6% compared with the same quarter of 2017. Relative to the previous quarter, consumer spending increased by 0.4%, while government spending decreased by 0.3%.

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