Brazil's Economy Surges Ahead in 2023, Bolstered by Agriculture and Government Spending
- Brazil's economy grew 2.9% in 2023, exceeding expectations
- Growth was partly due to government spending programs under former President Bolsonaro
- Record soybean and corn production also contributed to economic growth
- Brazil overtook Canada and Russia to become the 9th biggest economy
- The government expects 2.2% GDP growth in 2024 and is aiming for over 3%
