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Will Brazil's GDP show negative quartely growth in any quarter of 2023? No: real money 85%, play money 67% Yes: real money 15%, play money 33% Volume: real money 616.20595188, play money 9655 Bettors: real money 14, play money 9 Categories: Finance, Economic Indicators, Brazil, GDP Related markets Brazil to reach "Investment Grade" by the end of 2026? (ID: 203187) Volume: real 378.43196602, play 26322.33587496 Bettors: real 18, play 52 Leading (real money): Brazil to reach "Investment Grade" by the end of 2026? 100% Leading (play money): Brazil to reach "Investment Grade" by the end of 2026? 6%

Will Brazil's GDP show negative quartely growth in any quarter of 2023?

Market Rules

Factors such as the Brazilian basic interest rate hike from 2.00% to 13.75% and the US 120 points rate hike in less than two years anticipate limitations to the development of Brazilian economic activity in a near future.

If, between the first quarter and the fourth quarter of 2023, any of Brazil's quarterly GDP results presents a negative growth rate, this market will resolve to “Yes”.

This market will be resolved according to results published by the Brazilian Institute for Geography and Statistics (IBGE).

Source: IBGE’s SCNT report

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  • BetoProfeta: FutuurBot#100241 {"ops":[{"insert":"Does the growth rate refer to the immediately previous quarter or the quarter of the previous year, year over year (YoY)?\n"}]}
  • Futuur: Thank you for your question BetoProfeta . Although this market is not about entering a technical recession (which would require 2 consecutive quarters of contraction), it does use the same kind of metric for a single quarter. That is to say the comparison should be made to the immediately previous quarter.

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