Brazil economy sees continued growth
Brazil has enjoyed further economic growth during the last year, according to new figures.
Official data showed that gross domestic product in the South American country went up by 5.4% in 2007.
This is up from 3.8% a year earlier, which means that the rate of economic growth in Brazil is accelerating.
In addition, this is above the amount originally predicted by numerous economists, who had widely foreseen growth of about 5.3 per cent.
Much of this expansion was found to have taken place during the last quarter of the year, as GDP was up by 6.2% on the same period of 2006.
Commenting on the figures, Citigroup economist Marcelo Kfour told Bloomberg: "This shows that economic growth was still gathering momentum at the end of the year."
This comes after independent analysts Amberlamb said the Brazilian government has worked "tirelessly" in the last five years to make the country's economy highly robust.
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