1945

The international crisis interrupted the growth that the Brazilian economy had enjoyed since 2003. In 2008, the GDP growth rate was 5.18%; and up to the third quarter of the year, it stood at 6.3%. Although the indicators on economic performance in 2009 point to high volatility and the effective results of the economic measures implemented in response to the crisis are not fully known, it is estimated that GDP will decline by 0.8%. This result reflects the negative impact of the crisis on the different sectors and the capacity of the government and of economic agents to counteract it.

Related Subject(s): Economic and Social Development
Countries: Brazil
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