Brazil's Economy Shows Impressive Growth in Q2 Driven by Consumer Spending

Brazil's economy has demonstrated impressive growth in the second quarter of 2024, primarily due to an increase in consumer spending. According to data released in early September, the country's gross domestic product (GDP) grew by 1.5% compared to the previous quarter. This figure was significantly higher than economists' forecasts, which anticipated a more modest growth of around 0.8%.

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