The performance of the Brazilian economy in the second quarter, released on Tuesday (2) by the Brazilian Institute of Geography and Statistics (IBGE), places the country in sixth position among members of the G20 who have already released the result of Gross Domestic Product (GDP) for the same period.
GDP – set of goods and services produced in the country – from Brazil accumulates high of 3.2% in the last 12 months. Compared to the same period last year, growth is 2.2%. Already in the passage from the first quarter of 2025 to the following, The expansion was 0.4%which represents a slowdown.
An analysis of the Secretariat of Economic Policy (SPE) of the Ministry of Finance Classifies 16 G20 countries that have already released the quarter -end GDP out result in June. In relation to the 12 -month accumulated and compared to the second quarter of 2024, Brazil is in sixth place.
The G20 is composed of 19 countries, in addition to the African Union and the European Union: South Africa, Germany, Saudi Arabia, Argentina, Australia, Brazil, Canada, China, South Korea, the United States, France, India, Indonesia, Italy, Japan, Mexico, Russia, Russia and Turkey.
Group members account for about 85% of the world economy, more than 75% of global trade and about two thirds of the planet’s population.
See the ranking of GDP variation in the last 12 months:
- India: 6.8%
- China: 5.2%
- Indonesia: 5%
- Saudi Arabia: 3.7%
- Türkiye: 3.3%
- Brazil: 3.2%
- Russia: 2.6%
- United States: 2.3%
- European Union: 1.5%
- United Kingdom: 1.3%
- Japan: 1.3%
- France: 0.8%
- South Korea: 0.7%
- Mexico: 0.7%
- Italy: 0.6%
- Germany: -0.1%
In relation to performance in the passage from the first to the second quarter of 2025, Brazil is the ninth place:
- Indonesia: 4.0%
- USA: 3.3%
- Saudi Arabia: 2.1%
- India: 1.7%
- Türkiye: 1.6%
- China: 1.1%
- Mexico: 0.6%
- South Korea: 0.6%
- Brazil: 0.4%
- Japan: 0.3%
- France: 0.3%
- United Kingdom: 0.3%
- Euro Union: 0.2%
- Italy: -0.1%
- Germany: -0.3%
- Canada: -0.4%
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Deceleration
The result of 0.4% between immediately followed quarters means slowdown, since in the first quarter, The advance had been 1.3% compared to the fourth quarter of 2024.
IBGE National Accounts Coordinator Rebeca Palis attributed the slowdown to restrictive monetary policy, ie high interest rates, central bank tool (BC) to contain inflation.
High interest rates have the effect of discouraging consumption and investment, cooling the economy and reducing the demand for goods and services, consequently, taking force from inflation.
Next quarter
For the third quarter, SPE projects GDP growth rhythm “little lower” to the second quarter.
“Although the slowdown in credit concessions has been accentuating in recent months, along with the increase in bank interest rates and default, The labor market follows resilientcan boost the activity with the payment of precatory [dívidas judiciais do governo] and to the recent expansion of the payroll loans to the worker, ”writes the analysis.
With the result of Tuesday, SPE states that the initial projection of growth from 2.5% to 2025 has “mild biases due to the most pronounced slowdown in the second quarter compared to the expected in July and also in repercussion on the lagged and cumulative effects of monetary policy on economic activity”.
