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Brazil’s growth is a foothill next to the soaring peaks of other BRICs

By Ritchie King
Published This article is more than 2 years old.

RICs, anyone?

Brazil’s third quarter growth in GDP bucked expectations on Friday by being especially terrible. The country’s economy expanded by only 0.6% over the  previous quarter, though economists had predicted the number would be closer to 1.2%.

With the exception of its fast recovery in 2010, Brazil’s economy has been puttering compared to the other BRICs—even Russia, which contracted more than 10% in the second quarter of 2009 from the year prior.

Because of Brazil’s poor showing, economists have become more bearish on their still-outstanding predictions for the country’s economy: the median estimate for overall 2012 GDP growth has dropped from 1.50% to 1.27%, and for 2013, from 3.94% to 3.70%.

The data in the chart above was compiled by Factset, except for Chinese GDP growth, which comes from the National Bureau of Statistics of China.

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