ブラジル経済 前年同期比11.4％縮小 2020Q2
Brazil’s GDP contracted by 11.4% y/y in real terms in the second quarter, due to the effects of the COVID-19 pandemic on both supply and demand. Compared with the previous quarter, Brazil’s GDP shrunk by a seasonally adjusted 9.7% q/q in Q2 after declining by 2.5% q/q in Q1.
Closing of non-essential business activities had a strong impact on household expenditure, which fell by 13.5% y/y. Fixed investment dropped by 15.2% y/y in Q2, due to falling construction and capital goods output. Although government spending increased to support households, companies, and the public health system, the public sector also cut back on non-essential outlays and as a result government consumption declined by 8.6% y/y.
Further data and analysis on Brazil’s economy could be found on the CEIC Brazil Economy in a Snapshot – Q2 2020 report.