- Admin
- #1
Brazil's economy expanded by 1.2% in the first quarter, data showed on Tuesday, the third quarter of growth and faster than economists had expected, taking Latin America's largest economy back to its size at the end of 2019 before the pandemic. Growth was driven by services, industry and fixed business investment, official statistics agency IBGE figures showed, although household consumption contracted slightly and government spending fell notably. Agriculture grew by 5.7% in the quarter, IBGE said, its fastest pace in four years.