Media playback is unsupported on your device

'Brazilians not celebrating yet' after GDP figures

30 August 2013 Last updated at 15:55 BST

Brazil's economy grew by 3.3% year-on-year in the second quarter, according to official new state figures.

The Instituto Brasileiro de Geografia e Estatistica (IBGE) also said that the economy grew by 1.5% in the quarter from the previous one - economists had predicted 0.9%.

The BBC's Ruth Costas in Sao Paulo told BBC World News: "Brazilians are not celebrating yet because we expect a weaker third quarter, the Brazilian central bank has increased their benchmark interest rate... inflation is out of control, so the economy is not getting better."

But, she continued: "The job market is still strong and unemployment reached a record low last year."

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.