Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
SAO PAULO (AP) — Brazil's government says the country's economy grew in 2017 for the first time in three years, aided by a strong performance in the agricultural sector.
The government's IBGE statistics bureau said Thursday that the country's gross domestic product increased 1 percent last year after two consecutive contractions of 3.5 percent in 2015 and 2016.
IBGE said that the 13 percent growth in the agricultural sector was a major driving force in ther GDP increase. The corn crop increased 55.2 percent while the soybean crop expanded 19.4 percent.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.






