[Brazil] - Brazil's GDP Drops Slightly in April, But Annual Growth Remains Strong

INSUBCONTINENT EXCLUSIVE:
monthly decline, the annual growth comparison with April 2023 was an impressive 5.1%.Over the past 12 months, the cumulative growth rate
stood at a positive 2.7%.Juliana Trece, the coordinator of the GDP Monitor, highlighted that while the economy remained stable in April,
this stability signaled a slowdown in growth after a robust start to the year.The 5.1% annual growth across investments, industry,
consumption, exports, and imports shows strong economic performance compared to 2023.In the rolling quarter ending in April 2024, GDP
(Photo Internet reproduction)Investment, measured by Gross Fixed Capital Formation (FBCF), rose by 4.8% in the same quarter.Contributions
came from machinery and equipment, which climbed 5.5%, construction, which increased by 3.5%, and other assets, which surged by
growing by 8.8% in the quarter ending in April compared to the same period the previous year.Imports of goods and services saw an even more
substantial rise, increasing by 11.6%, driven by services and intermediate goods.From January to April, the GDP reached R$ 3.63 trillion in
current values
The investment rate in the economy was 17.6% in April.The GDP Monitor uses the same data and methods as the Brazilian Institute of Geography
market expectations.