Investment in Brazil boosts economy
Date added: 10th September, 2010 at 09:48
(view all articles from September, 2010)
Categories: Economy
Investment in Brazil rose in the second quarter of 2010, lifting the country's gross domestic product (GDP).
Compared with the first three months of the year, GDP grew by 1.2 per cent, lifted by agriculture, industry and services, according to figures from the Instituto Brasileiro de Geografia e Estatistica.
Year-on-year, it increased by 8.8 per cent, with the body citing investment as one of its greatest supports.
Accumulated GDP between July 2009 and June 2010 showed a 5.1 per cent rise compared with the preceding four quarters.
The investment rate between April and June this year was up to 17.9 per cent from 15.8 per cent during the same period 12 months earlier.
Compared with the second quarter of 2009, gross formation of fixed capital saw its biggest boom on record of 26.5 per cent.
Writing in Forbers, senior research analyst for Latin American and emerging markets for Roubini Global Economics Bertrand Delgado described the data as a "pleasant surprise".
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