Brazil’s GDP Growth Revised Up to 3.2% for 2023
The Brazilian economy demonstrated remarkable resilience in 2023, significantly surpassing initial expectations. The Brazilian Institute of Geography and Statistics (IBGE) revised the economic growth upward from 2.9% to 3.2%. This adjustment, announced in December 2024, reflects stronger economic performance than initially reported. Sectoral Developments Service Sector The service sector, which accounts for over 70% of […]