Macroeconomy/Finance

Brazilian economic activity grows by 1.31% in May

After two months of sharply declining, economic activity in Brazil recorded growth in May. The IBC-Br rose 1.31% in May, compared to April this year, according to data released by the Central Bank (BC). Under the effects of the covid-19 pandemic, the IBC-Br fell 9.45% in April and 6.14% in March, compared to the previous month.

Source: Agencia Brasil

Categories: Macroeconomy/Finance