Brazil's economic growth gained momentum in the third quarter, continuing the growing trend witnessed since the economy exited one of its worst recessions in decades.
Gross domestic product grew 1.4 percent year-on-year, preliminary data from the statistical office IBGE showed Friday. The figure was in line with economists' expectations.
Second quarter growth was revised to 0.4 percent from 0.2 percent. The economy stagnated in the first three months of the year.
On a quarter-on-quarter basis, GDP edged up 0.1 percent in the third quarter, which was slower than the 0.3 percent expansion economists had predicted.
The second quarter figure was raised to 0.7 percent from 0.3 percent. The economy grew 1.3 percent in the first quarter.
by RTT Staff Writer
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