Brazil's economy ended slide in 2017; grew 1 per cent - InfoNews

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Brazil's economy ended slide in 2017; grew 1 per cent

March 01, 2018 - 8:21 AM

SAO PAULO - Brazil's government says the country's economy grew in 2017 for the first time in three years, aided by a strong performance in the agricultural sector.

The government's IBGE statistics bureau said Thursday that the country's gross domestic product increased 1 per cent last year after two consecutive contractions of 3.5 per cent in 2015 and 2016.

IBGE said that the 13 per cent growth in the agricultural sector was a major driving force in ther GDP increase. The corn crop increased 55.2 per cent while the soybean crop expanded 19.4 per cent.

News from © The Associated Press, 2018
The Associated Press

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