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Brazil's economy grows at twice the rate expected
27 February 2014 Last updated at 12:17 ET
Brazil's economy grows at twice the rate expected
Brazil's economy unexpectedly notched up a growth rate of 0.7% in the last quarter of last year.
Finance Minister Guido Mantega told reporters: "It was a surprise even for the government."
The economy shrank in the third quarter of 2013. Many economists had expected it to shrink again and fall into recession.
Over the whole year it has grown by 2.3%, helped by strong consumer spending and investment.
More:
http://www.bbc.com/news/business-26368704
