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Brazilian economy grows by 0.9% in 2012  Join our daily free Newsletter

MENAFN - 24/02/2013

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(MENAFN) Serasa Experian, the credit research firm, said that Brazil's economy expanded by 0.9 percent in 2012, from 7.5 percent in the previous year, reported Xinhua News.

The figure, the worst in the past 3 years, was affected by a decline of 3.6 percent in investments.

However, in the year, the Brazilian services sector grew 1.6 percent, to be the only sector to post a growth in 2012, meanwhile, the industry sector fell by 0.7 percent and the agriculture by 1 percent.

It is worth noting that consumer consumption in 2012 rose by 3.1 percent, whereas government expenditure went up by 3.6 percent.

 






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