Brazil’s GDP grows 7.7% in Q3, but does not eliminate pandemic losses

Brazil’s GDP grew 7.7% in the third quarter compared to the previous three months, confirming the country’s exit from the so-called “technical recession”, according to data released by IBGE. The economy’s expansion was record-breaking in the third quarter, but still insufficient to recover losses during the country’s pandemic. In current values, the GDP of the third quarter totalled R$ 1.891 trillion ($363 bn).

Source: G1

Government includes airports in partnership program to bring $69 bn in investments

As the privatization program fails to take off, the federal government approved the inclusion of 58 assets in the portfolio of the Investment Partnership Program (PPI), including airports Santos Dumont (Rio de Janeiro) and Congonhas (São Paulo). The goal is to grant them in concession or under public-private partnerships (PPPs). The government plans to auction 115 assets in 2021, compared with 29 this year. These projects are expected to bring R$360 billion ($69 bn) in investments.

Source: Valor International