RIO DE JANEIRO, BRAZIL - Brazil is emerging from a recession caused by the coronavirus, Economy Minister Paulo Guedes said hours after the publication of a closely-watched indicator showing business activity surged in the third quarter.
The Brazilian economy is benefiting from a new policy mix of low interest rates and a weaker currency, boosting domestic demand and exports, Guedes said during a webcast. Earlier, the Central Bank reported that its economic activity index, considered a proxy for gross domestic product, rose 9.47% in the July-September period compared to the previous three months.
Latin America’s largest economy . . .