Brazil Economy's Early 2025 Surge Boosts Full-Year Forecasts

Brazil's economic growth surged in the first quarter despite climbing interest rates as fixed investments, household demand and strong farm output underpinned activity, spurring full-year growth forecasts and speculation about another rate hike.

Gross domestic product in Latin America's largest economy rose 1.4% in the January-to-March period from the previous quarter, government statistics agency IBGE said on Friday, in line with the forecast in a Reuters poll of economists.

That marked a sharp acceleration from a weaker than expected end to 2024. IBGE revised fourth-quarter growth down to 0.1% from a previously reported 0.2%...

 

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