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Brazil’s Economy Expands at Fastest Pace in Six Quarters

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Brazil’s Economy Expands at Fastest Pace in Six Quarters

SÃO PAULO—Brazil’s economy expanded at its fastest pace since the start of 2018 in the third quarter, as the country appears to be leaving behind years of sluggish growth that followed its worst recession on record.

Consumer spending and business investment increased in the quarter, as a combination of slow inflation, low borrowing costs and the economic policies of President Jair Bolsonaro put more money in shoppers’ pockets and encouraged companies to raise money to finance future expansion.

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