The gross domestic product (GDP) of Brazil grew 7.5% in 2010, with strong industrial growth, said Thursday, March 3 the Brazilian Institute of Geography and Statistics (IBGE). The IBGE said that from 2001 to 2010 the average annual growth in Brazil was 3.6% higher than the previous decade, from 2.6%.
This result is the best twenty-five years, such a national GDP growth had not bred since 1986. It also confirms the estimates made by the markets and the economic authorities of the Latin American giant in recent months. Brazilian economic authorities have already indicated they wanted to avoid such strong economic growth in 2011 to avoid higher inflation in particular, and they projected a GDP up 5.5% this year.
This result is the best twenty-five years, such a national GDP growth had not bred since 1986. It also confirms the estimates made by the markets and the economic authorities of the Latin American giant in recent months. Brazilian economic authorities have already indicated they wanted to avoid such strong economic growth in 2011 to avoid higher inflation in particular, and they projected a GDP up 5.5% this year.
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