Brazil: Economy enters recession in second quarter

  • Brazil’s economy has entered a recession, with official data indicating that it shrank by 1.9% between April and June compared with the previous quarter.

    While analysts were expecting a contraction, the figures are worse than expected.

    The output in the January to March period has also been revised down, and now shows a 0.7% contraction from the earlier 0.2%.

    Brazil, the world’s seventh-largest economy, has registered a decline in economic growth in recent years.


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    Tagged as: Brazil economy, Brazil, second quarter, contraction, business news