Confirming its bounce back from recession, Brazil's economy posted 8% to 10% growth in the third quarter compared to the same July-September period in 2008, Finance Minister Guido Mantega said on Nov. 10.
For all of 2009, the country's economy is expected to show a meager 1% expansion after a sharp first-half decline triggered by the global financial crisis that hit Brazilian industry and exports hard.
But, Mantega said, the strong pace of recovery suggested Brazil could look forward to "4% to 5%" growth per year going forward, with 2010 already set to show a full recovery.
Copyright Agence France-Presse, 2009
