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Brazil economy surges

Brazil’s economy roared ahead at its fastest pace in at least 14 years in the first quarter, fuelled by investment spending and booming domestic demand that has sparked concerns of overheating.

business Updated: Jun 09, 2010 23:04 IST

Reuters
Hindustantimes
         

Brazil’s economy roared ahead at its fastest pace in at least 14 years in the first quarter, fuelled by investment spending and booming domestic demand that has sparked concerns of overheating.

Latin America’s biggest economy expanded 9.0 per cent in the quarter from a year earlier, when it was still mired in a brief recession, official data showed on Tuesday.

First Published: Jun 09, 2010 22:44 IST