ZCZC
BCN-14
BRAZIL-INVESTMENT-RATE
Brazil’s investment rate hits lowest level in 52 years
RIO DE JANEIRO, July 20, 2019 (BSS/Xinhua) – Brazil’s investment rate fell
to the lowest level since 1967 in the first quarter of 2019, local media
reported Friday.
From January to March, it dipped to 15.5 percent of the gross domestic
product (GDP) from 15.8 percent registered in the previous quarter, said a
report by the news site G1.
Citing statistics of the Brazilian Institute of Economics (IBRE), the
report said the low figure was caused by the public accounts’ deficit and
poor economic performance.
IBRE data also showed that Brazil’s investment rate was below the 26.2-
percent average of 172 countries and regions in 2018.
Brazil’s GDP shrank 0.2 percent in the first quarter of 2019, amounting to
1.713 trillion reals (430.4 billion U.S. dollars).
BSS/XINHUA/HR/1310