Brazil’s GDP Grows in Q1 2017 After Eight Consecutive Declines

The country's GDP grew by one percent in the first three months of the year, boosted by the agricultural and livestock sector.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – After two consecutive years of declines Brazil’s economy grew one percent in the first quarter of 2017 compared to the last quarter of 2016, according to the Brazilian Statistics Bureau (IBGE). Officials say the country’s latest GDP reveals the end of the country’s longest recession, while others continue cautious.

“Today is a historic day,” said Finance Minister Henrique Meirelles on Thursday, according to government . . .

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