Brazil’s north region GDP grows 8x faster than national average, reaching Chinese levels

Brazil’s north region GDP grows 8x faster than national average, reaching Chinese levels

Chamber Articles Category: Economic News Post Date: 04/25/18 Source: BrazilGovNews By: BrazilGovNews
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A survey carried out by the Brazilian government to assess individual growth rates at each of the country's main geographic regions revealed that the north was by far the fastest-growing of the five. All main segments of the northern economy (TV and electronics manufacturing, mining, retail and services) generated expressive wealth for the country in 2017, growing at a rate eight times higher than the national average.

The information comes from the Central Bank Economic Activity Index (IBC-Br), an indicator that attempts to predict the behaviour of Brazil's Gross Domestic Product before numbers are officially released. Read Full Article