RIO DE JANEIRO, Nov. 30 (Xinhua) -- Brazil's Finance Minister Eduardo Guardia said here on Friday that the country's third quarter output points to a gradual, consistent expansion in the economy.
Brazil's gross domestic product in the third quarter this year grew by 0.8 percent on a quarter-on-quarter basis, and by 1.3 percent from the third quarter last year, according to statistics released earlier in the day by Brazil's statistical authority IBGE.
The numbers are in line with the government's expectations, said the finance minister, who traveled to Argentina for the Group of 20 (G20) summit.
In the first three quarters of the year, Brazil's GDP grew by 1.1 percent from the same period in 2017.
Guardia said the growth figures could have been higher if not for the temporary suspension in the activities of the Paulina Oil Refinery and the economic volatility seen during the recent general elections.
He said the government expects a full-year growth of 1.4 percent for 2018.
He said the continuation of economic reforms in Brazil will lead to an acceleration of growth and stressed the importance of keeping up with the economic adjustments.
