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Brazil GDP rebounds 7.7% in third quarter, less than forecast

·1 min read

BRASILIA, Dec 3 (Reuters) - Brazil's economy grew by 7.7% in the third quarter of the year, government statistics agency IBGE said on Thursday, as the easing of lockdown measures and re-opening of commerce triggered the steepest quarterly boom on record.

The increase in Brazil's gross domestic product (GDP) from the prior quarter was less than the 9.0% median forecast in a Reuters poll of economists. A drop of 3.9% from a year earlier was more than the 3.5% fall economists had expected. (Reporting by Jamie McGeever Editing by Brad Haynes)