Tags: brazil | economy | expands

Brazilian Economy Expands to Halt Recession

Thursday, 10 December 2009 08:27 AM EST

Brazil's government says its economy expanded in the third quarter as the nation continues to experience robust growth after emerging from a short recession brought on by the global meltdown.

The government's IBGE statistics agency says gross domestic product rose 1.3 percent from July through September compared to the second quarter — when Latin America's largest economy shook off its recession.

The report released Thursday said third-quarter growth was down 1.2 percent from the same quarter a year ago.

Brazil's economy contracted 1 percent for the 12-month period ending in September. Overall growth for 2009 is expected to be flat or slightly positive. Experts predict the Brazilian economy will expand as much as 6 percent next year.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Economy
Brazil's government says its economy expanded in the third quarter as the nation continues to experience robust growth after emerging from a short recession brought on by the global meltdown.The government's IBGE statistics agency says gross domestic product rose 1.3...
brazil,economy,expands
116
2009-27-10
Thursday, 10 December 2009 08:27 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved