Macroeconomy/Finance

Brazil’s GDP fell 10.5% in the quarter ended in May

The Gross Domestic Product (GDP) fell 10.5% in the quarter ended in May this year, compared with the same period last year. In comparison with the quarter closed in February of this year, the drop reached 9.4%. The data are from the FGV – GDP Monitor. Considering only the month of May, there was a 13.3% drop compared to the same month last year.

Source: Money Times

Categories: Macroeconomy/Finance