Business

What factors impact the Brazilian GDP?

What factors impact the Brazilian GDP

After eight straight quarters of slim, but steady growth, the Brazilian GDP figures after Q1 2019 came as expected: showing that the country’s economy has contracted, starting off 2019 on the wrong foot. According to the Brazilian Institute of Geography and Statistics, the Brazilian economy shrank by 0.2 percent in the first three months of the year.

The figures come as a hit to President Jair Bolsonaro’s administration, which took office on January 1 promising a swift agenda of pro-market reforms that would quickly unclog investments in the country. Instead, uncertainties...

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