Brazil's industrial production contracted sharply in 2014, worst year since 2009

Wednesday, February 4th 2015 - 09:17 UTC

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Brazil’s industrial production contracted sharply in December and finished last year with its steepest decline since 2009, as rising interest rates, weak demand and waning confidence from consumers and businesses weighed on output. Read full article

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Don Alberto
For close to a century, Brasil has been an up and coming major power. Recently it had one of the world's fastest growing major economies.

Then it broke down as it has done again and again and again and again and again and again and ... could it be because corruption costs Brazil almost $41 billion a year?
Feb 04th, 2015 - 06:43 pm - Link - Report abuse 0
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ilsen
@1
But it is still competitive!
It is catching Vnzla in the race to the bottom of the league table...!
;-)
Feb 04th, 2015 - 09:03 pm - Link - Report abuse 0
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