Bryan Harris and Andres Schipani in São Paulo 4 MINUTES AGO Print this page
Brazil’s economy expanded 0.6 per cent in the third quarter, beating analyst expectations and bolstering hopes of a cyclical recovery in Latin America’s largest economy.
The quarter-on-quarter result, released on Tuesday, is likely to galvanise Brazil’s top policymakers, including finance minister Paulo Guedes, who is attempting to revitalise growth through a sweeping programme of deregulation and privatisations.
“We are seeing a cyclical recovery, said Sérvio Vale, chief economist at MB Associados. “From now on we might see a faster recovery. Industry is still suffering from international headwinds, but there are some segments doing very well, such as agribusiness and real estate.”
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