Brazilian Economy Rebounds With 0.8% Growth, Uncertainties Remain Ahead

June 04, 2024, 10.26 PM | Source: Reuters

ILUSTRASI. Aerial view of Octavio Frias de Oliveira bridge, a cable-stayed bridge, in Sao Paulo, Brazil.

BRAZIL - BRASILIA. Brazil's economy rebounded in the first quarter from a sluggish second half of 2023 on stronger private investments and household demand amid a robust labor market, official figures showed on Tuesday.

While the data supports a more optimistic outlook for Latin America's largest economy than earlier this year, concerns remain about the impact of historic flooding in southern Brazil, which has left a trail of destruction and pushed up food prices.

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