July 3, 2017 / 7:14 PM / in a month

Brazil government raises 2017 trade surplus forecast to $60 billion

1 Min Read

BRASILIA (Reuters) - Brazil on Monday raised its forecast for the 2017 trade surplus to $60 billion from $55 billion, brightening the outlook for a still-fragile economic recovery from the country's deepest recession in decades.

Latin America's largest economy posted a trade surplus of $36.219 billion between January and June, the trade ministry said on Monday, boosted by strong sales of agricultural goods, oil and automobiles.

Reporting by Cesar Raizer; Writing by Bruno Federowski; Editing by Dan Grebler

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