Macroeconomy/Finance

The last decade was one the worst for the Brazilian economy

The GDP of 83% of 193 countries grew faster than Brazil’s in the period 2010-2019, one of the worst decades of economic expansion for the South American country, according to a study by economist Marcel Balassiano of the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre / FGV). Based on data from the International Monetary Fund, the report establishes an average growth of 1.3% per year in that period, almost a third of the world average (3.8% per year).

Source: Valor Econômico