Brazil’s economy grew 2.9% in 2023, whipping expectations in the veryfirst year of the administration of President Luiz Inácio Lula da Silva
SAO PAULO — Brazil’s economy grew 2.9% in 2023, whipping expectations in the veryfirst year of the administration of President Luiz Inácio Lula da Silva, according to the federalgovernment stats institute Friday.
The number revealed by IBGE satisfied lotsof economicexperts, whose total forecaste early last year was for just 0.8% development in 2023.
Brazil’s economy grew 3% in 2022, partially due to federalgovernment costs programs pressed by then-President Jai