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Brazil’s economy ended slide in 2017; grew 1 percent

March 1, 2018

FILE - In this May 19, 2011 file photo, corn stalks stand during the Agro Brasilia, an agricultural exhibition on the outskirts of Brasilia, Brazil. Brazil's government says the country's economy grew in 2017 for the first time in three years, aided by a strong performance in the agricultural sector, citing a 55.2 percent increase in the corn crop. (AP Photo/Eraldo Peres, File)

SAO PAULO (AP) — Brazil’s government says the country’s economy grew in 2017 for the first time in three years, aided by a strong performance in the agricultural sector.

The government’s IBGE statistics bureau said Thursday that the country’s gross domestic product increased 1 percent last year after two consecutive contractions of 3.5 percent in 2015 and 2016.

IBGE said that the 13 percent growth in the agricultural sector was a major driving force in ther GDP increase. The corn crop increased 55.2 percent while the soybean crop expanded 19.4 percent.

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