FX.co ★ Brazil GDP Grows More than Expected

Brazil’s GDP grew by 1.1% in the first quarter of 2026, accelerating from the 0.1% increase recorded in the previous quarter and slightly surpassing market expectations of a 1% rise. This marked the strongest expansion in a year and was underpinned by elevated government spending, which has bolstered household consumption in recent quarters and prompted the Brazilian central bank to keep interest rates at a relatively high level.