Investing.com -- Brazil’s economy experienced a 3.4% expansion in its gross domestic product (GDP) in 2024, according to the government’s statistics agency, IBGE. The agency revealed this data on Friday, noting that the growth rate for the last quarter was 0.2%, up from the previous three-month period.

This quarterly performance did not meet the expectations of economists who had predicted a 0.5% growth rate. This median forecast was part of a poll conducted by a well-known news agency.

The end of 2024 saw an annual growth rate of 3.6% in the last quarter, which was lower than the anticipated 4.1% expansion. This shortfall in the expected GDP growth marks a point of interest for economists and market watchers.

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