Brazil emerges from recession as GDP grows 1%

Image copyright Getty Images Image caption Brazil's stock market plummeted last month but on Wednesday there was good news

Brazil's economy has grown 1% in the first three months of 2017, putting an end to the country's longest recession in history, officials have announced.

The GDP increase came after two consecutive years of negative growth, during which the Brazilian economy shrank by almost 8%.

But analysts warned Brazil could go back into recession in the near future.

Earlier this week officials announced that unemployment had reached a new historic high of 14 million people.

from BBC News - World http://ift.tt/2reHUiw