China News Agency, Sao Paulo, September 1 (Reporter Mo Chengxiong) The Brazilian Institute of Geography and Statistics (IBGE) released data on September 1, local time, showing that Brazil’s gross domestic product (GDP) in the second quarter of this year shrank by 0.1 compared to the first quarter. %, ending three consecutive quarters of sequential growth, and the country’s economic recovery has slowed.

　　Data show that in the second quarter of this year, Brazil's GDP reached 2.1 trillion reais (1 U.S. dollar is approximately 5.15 reais), an increase of 12.4% year-on-year, which is the country's GDP for two consecutive quarters of year-on-year growth.

　　Among various industries, in the second quarter of this year, Brazil's agriculture fell by 2.8% month-on-month and increased by 1.3% year-on-year; industry fell by 0.2% month-on-month and increased by 17.8% year-on-year; the service industry increased by 0.7% month-on-month and increased by 10.8% year-on-year.

　　In terms of foreign trade, in the second quarter of this year, Brazilian exports increased by 9.4% month-on-month and 14.1% year-on-year; imports fell 0.6% month-on-month and increased 20.2% year-on-year.

　　In addition, household consumption grew at zero month-on-month, but increased by 10.8% year-on-year.

Government consumption increased by 0.7% month-on-month and 4.2% year-on-year.

The investment fell 3.6% month-on-month and increased 32.9% year-on-year.

　　The data also shows that in the first half of this year, Brazil's GDP grew by 6.4% year-on-year.

Among them, agriculture, industry, and service industries increased by 3.3%, 10%, and 4.7% year-on-year respectively.

In the past 12 months, Brazil's GDP has increased by 1.8% year-on-year.

　　Rebeca Palis, an official of the Brazilian Bureau of Geography and Statistics, said that in the second quarter of this year, household consumption in Brazil stagnated, and the service industry, which accounts for 70% of Brazil’s GDP, has not recovered to the level before the outbreak of the new crown epidemic. , The overall economic recovery of the country has slowed down.

　　According to data released by the Brazilian Institute of Geography and Statistics, Brazil's economy fell by 3.5% and 3.3% in 2015 and 2016, respectively.

The Brazilian economy grew by 1.3%, 1.8% and 1.4% in 2017, 2018 and 2019, respectively.

Affected by the new crown epidemic, Brazil's economy fell 4.1% in 2020, the lowest in history.

　　According to the latest expectations of the Brazilian financial market, the Brazilian economy will grow by 5.22% in 2021.

The Brazilian Ministry of Economy recently raised its forecast for Brazil's economic growth in 2021 from 3.5% to 5.3%.

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