(MENAFN) The Brazilian government said that the country's economy has exited recession with a growth of 0.1 percent in the third-quarter period, Oman Observer reported.
The finance ministry welcomed the news, underlining that the industrial sector had posted growth of 1.7 percent. The services sector has also started to expand again, said the government statistics institute.
"The economy has begun the process of returning to growth, albeit at a still-modest pace," it said. However, compared with the same period last year, GDP was still down 0.2 percent in the quarter.
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