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IBGE: Brazilian Economy Rebounds 7.7% in Third Quarter

RIO DE JANEIRO, BRAZIL - (AFP) Brazil's economy rebounded by 7.7 percent in the third quarter compared with the second, coming out of the recession it had been briefly plunged into by the coronavirus pandemic, the statistics institute IBGE announced Thursday, December 3rd.

The result is below the average 8.8 percent growth predicted by analysts who spoke to Brazil's largest financial newspaper, Valor, and does not compensate for the year's losses, which continue to mark a contraction of 5 percent over the same period in 2019.

The government of President Jair Bolsonaro forecasts an overall decline . . .

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