Investors breathed a sigh of relief this morning as the Brazilian economy escaped a technical recession, posting 0.4 percent GDP growth in the second quarter of 2019. Shortly after the news, Brazil’s benchmark stock index Ibovespa rose 1,000 points and is currently operating 1.13 percent up for the day. However, despite slightly better than expected results, the Brazilian economy still has a long way to go to reach full recovery.
Natália Scalzaretto has worked for companies such as Santander Brasil and Reuters, where she covered news ranging from commodities to technology. Most recently, worked as an Editor for Trading News, the information division from TradersClub investor community.