Brazil's economy rebounded in the first quarter, expanding 1.1 per cent from the previous three months, official data showed yesterday, slightly ahead of the 1.0pc growth expected by economists in a Reuters poll.
Latin America’s largest economy gained momentum in the January-March period, supported by household consumption and stronger investment, against a backdrop of a tight labor market and government stimulus.
The pickup follows a weak second half of last year, when growth was 0.3pc in the fourth quarter and 0.1pc in the third, according to revised figures released by statistics agency IBGE.
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