Brazil’s 3rd-qtr GDP rises 0.5 pct from 2nd qtr

SAO PAULO, Dec 9 (BestGrowthStock) – Brazil’s economy grew 0.5
percent in the third quarter of 2010 from the second
(BRGDP=ECI: ), the government’s statistics agency said on
Thursday.

Gross domestic product in Latin America’s biggest economy
had been expected to rise 0.4 percent quarter-on-quarter,
according to the median forecast of 18 analysts polled by
Reuters. Estimates had ranged from flat growth to expansion of 1
percent.

Third-quarter GDP (BRGDPY=ECI: ) grew 6.7 percent compared
with a year earlier. It had been expected to rise 6.6 percent,
according to the median forecast of 17 analysts polled by
Reuters. Estimates for year-on-year growth ranged from 5.6
percent to 7.5 percent.
(Reporting by Rodrigo Viga Gaier and Stuart Grudgings; Writing
by Luciana Lopez)

Brazil’s 3rd-qtr GDP rises 0.5 pct from 2nd qtr