Brazil’s economic growth for Q4 2024 was 0.2%, lower than the expected 0.5%, with industrial output showing gains primarily in construction, manufacturing, and mining. Increased fixed investment and government spending helped mitigate a decline in household consumption, while net trade positively contributed to GDP.
In the fourth quarter of 2024, Brazil’s economy experienced a growth rate of only 0.2% quarter-on-quarter. This figure was a reduction from the previously reported growth rate of 0.7% in the preceding quarter and did not meet market forecasts of 0.5%.
In conclusion, Brazil’s economic growth in Q4 2024 was modest, attributed to improvements in industrial output, particularly in construction, manufacturing, and mining, alongside increased fixed investment and government spending. However, the significant decline in household consumption raises concerns for future economic stability and growth.
Original Source: www.tradingview.com
