The Brazilian economy surprised last Thursday (1st). At 1.2%, the Gross Domestic Product (GDP) for the second quarter came above market expectations and triggered a wave of revisions to the performance of economic activity for the year.
This is because, in addition to the upward growth data, their composition also surprised, such as investments, which came above expectations, and household consumption, a sign that there was an improvement in the pace and capacity of consuming services.
In summary, the three sides of supply and the three sides of demand performed well.
This Friday’s episode (2) of CNN Money brings the causes for this surprise, from the reopening of the economy after the most critical phase of the pandemic to the impacts of government stimuli on the activity as a whole, including the release of the FGTS and the anticipation of the 13th salary for retirees.
Some say, for example, that this is a structural change in the profile of the economy’s activity, as a result of the reforms approved since 2016, such as labor reform and changes in regulatory frameworks.
The rest of the year, however, is viewed with caution by most economists, who still see a sharper slowdown in activity in the last three months of the year.
Presented by Thais Herédia and Priscila Yazbek, CNN Money presents a balance of news issues that influence markets, finances and the direction of society and power dynamics in Brazil and worldwide.
Source: CNN Brasil