Reported about 1 month ago
Brazil's economy is projected to grow solidly in the second quarter of 2024, with a 0.9% increase compared to 0.8% in the first quarter, driven by strong household spending despite challenges from increased imports. Analysts attribute the growth to resilient private consumption bolstered by a robust labor market and rising real wages. However, there are concerns about the negative impact of higher imports on overall economic expansion.
Source: YAHOO