Sao Paulo, Brazil - October 2, 2023

Although Brazil's economy is the most stable in Latin America, it reached a new high after growing 0.8% in the first quarter of 2024, a figure slightly above market expectations after two periods of stagnation, surpassing even Italy.

Through his account on the social network X, Brazilian President Luiz Inacio Lula Da Silva stressed that this rise in GDP and the country's new position in the global economy is "further proof that we are on the right path".

For his part, Brazil's Finance Minister Fernando Haddad told a press conference in Rome that Brazil's economic growth was "in line with the forecasts" of the government and the ministry, which allows the 2.5% projection for 2024 to be maintained.

This result is important news for President Lula Da Silva, who usually emphasises that the national economy will have a higher increase than predicted by experts.

It should be noted that the increase in the country's GDP was driven by the agricultural sector, which grew by 11.3 % compared to the previous quarter, and also by services with an increase of 1.4 %.

SHOTLIST
1. Several of Sao Paulo's financial centre (Sept 5, 2023);
2. Several of Brasilia's governmental centre (Sept 5, 2023);
3. Several agricultural complexes (Apr 22, 2023);
4. Several of containers (Sept 19, 2023);
5. Several from Rome (Oct 2, 2023).