Brazil Strongly Surging Out of Recession, According to Q3 Business Activity Data

Latin America’s largest economy is faring better than its neighbors amid unprecedented monetary stimulus and billions of dollars in emergency spending.

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 . . .

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