Chile, Israel and several large European economies, such as the United Kingdom, France and Germany, registered vigorous growth in the third quarter of 2021. Countries such as the USA, China and Korea, on the other hand, had a performance close to stability in the period, marked by rising inflation and bottlenecks in the supply of inputs across the global economy, in addition to health problems still related to the pandemic.
According to data from the OECD (Organization for Economic Cooperation and Development) for around 30 countries that have already disclosed their GDP (Gross Domestic Product) in the period, few ended the period in the red, such as Mexico, Indonesia and Japan.
Brazil’s GDP fell 0.1% in the third quarter compared to the previous three months, informed this Thursday (2) the IBGE (Brazilian Institute of Geography and Statistics). The indicator is at the level of the end of 2019 and beginning of 2020, according to the institute, and still 3.4% below the highest point of activity in the historical series, in the first quarter of 2014.
Considering a broader period for evaluation, since the end of 2019, the quarter before the decree of the pandemic, 17 of these countries have already recovered, with emphasis again on Chile. Despite the good economic performance, the South American country is experiencing a political crisis.
On the other hand, 11 economies are still below the pre-crisis level. Among them, Germany, Italy, United Kingdom, Japan, Portugal and Spain, which still face challenges in the health aspect. The United States presented growth of 1.4%, 12th position in this ranking.
The OECD still does not have data for China in this type of comparison. In the third quarter, the Asian country grew just 0.2% on a quarterly basis, hampered by a combination of power shortages, supply bottlenecks, Covid surges and tensions in the real estate sector.
Projections by the IMF (International Monetary Fund) show that the global economy should grow 5.9% this year and 4.9% in 2022, after falling by 3.1% in 2020.
Brazil should continue to perform below the world average, with a growth projection of 5.2% this year and 1.5% next year, according to the Fund.
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