(Bloomberg) -- Brazil's economy expanded 4.3
percent in the first quarter as 16 straight cuts to the
benchmark lending rate spurred consumer demand and encouraged
companies to boost local production.
Growth was less than the median 4.8 percent expansion
forecast in a Bloomberg survey of 22 analysts. Gross domestic
product in the first three months of the year grew a seasonally
adjusted 0.8 percent from the fourth quarter, the agency said.
Read more at Bloomberg Emerging Markets News
percent in the first quarter as 16 straight cuts to the
benchmark lending rate spurred consumer demand and encouraged
companies to boost local production.
Growth was less than the median 4.8 percent expansion
forecast in a Bloomberg survey of 22 analysts. Gross domestic
product in the first three months of the year grew a seasonally
adjusted 0.8 percent from the fourth quarter, the agency said.
Read more at Bloomberg Emerging Markets News
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