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Brazil back on the growth path in 2017 after two years of contraction

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The modest growth represented a significant turnaround for Latin America's biggest economy, which contracted 3.8% in 2015 and 3.6% in 2016. Brazil's economy grew by a percentage point in 2017 after two years of contraction, government figures showed Thursday, confirming the South American giant's recovery from one of the worst recessions in its history. The agro-industrial sector led the way with 13% growth last year, trailed by the service sector, which showed 0.3% growth. Industrial output remained stable.

Brazil back on the growth path in 2017 after two years of contraction Brazil back on the growth path in 2017 after two years of contraction Reviewed by Shahid Karimi on March 04, 2018 Rating: 5

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