Rio de Janeiro, Nov 20 (EFE) .- Economic activity in Brazil grew by 0.58% in the third quarter of this year compared to the second, completing three consecutive quarters of expansion after the deep recession in which the country sank in 2015 and 2016, according to an indicator released today by the Central Bank.
Economic activity had grown by 1.1% in the first quarter of this year and 0.39% in the second, according to the same indicator of the issuing body.
The economic reaction in 2017 after the biggest crisis in Brazil in recent decades It was verified by the so-called Economic Activity Index (IBC-Br), an indicator calculated monthly and with which the Central Bank tries to anticipate the behavior of the Gross Domestic Product. (GDP) of the country.
The result of the indicator reinforces the economists' forecast that Brazil will record a small economic growth in 2017 with which it will put an end to the recession economic growth that began in 2015, when GDP fell by 3.5%, and remained in 2016, when the economy contracted another 3.6%.
"This result corroborates our expectation of gradual resumption of economic activity, with GDP growth in the third quarter. the economy will grow this year, "according to a report that Bradesco sent to its clients on Monday.
According to the issuing agency, Brazil's economic activity grew by 0.40% in September against August, which compensated for the 0.37% contraction suffered in August compared to July.
The same indicator shows that the country's economic activity accumulates a growth of 0.43% in the first nine months of 2017 compared to the same period in 2016, but this figure does not yet take into account seasonal effects.
The official numbers of the Brazilian GDP in the third quarter will only be released on December 1.
According to a survey among economists conducted last week by the Central Bank and disclosed also on Monday, the financial market forecasts that the Brazilian economy will end 2017 with a growth of 0.73% and that this recovery will be consolidated in 2018, for when it expects a expansion of 2.51%.
The economists of the private banks are more optimistic than the Central Bank itself, which foresees for this year a growth of 0.70%, and that the Ministry of Planning, which expects an expansion of 0.50%.