Brazil's economy contracts for fifteenth consecutive month

Tuesday, May 17th 2016 - 11:00 UTC

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Brazil's economic activity contracted by 1.44% in the first quarter relative to October-December 2015 and 6.27% compared to the same three-month period of 2015, the Central Bank said Friday. The figures come from the Central Bank's Index of Economic Activity, or IBC-Br, an indicator used as a preview of the gross domestic product (GDP) number. Read full article

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Briton
Can one dare ask,
will Brazil still be in one piece for the Olympics.
May 17th, 2016 - 06:52 pm - Link - Report abuse 0
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Skip
Aaah yeah!!!!

It will. Please learn the difference between 'recession' and 'secession'.
May 17th, 2016 - 09:59 pm - Link - Report abuse 0
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ChrisR
Brazil is like a plane in a tailspin and the pilot has suffered a coma.

Is their nobody who can kick the rudder in the opposite direction before the thing crashes and burns?

It doesn't look like it at the moment.
May 18th, 2016 - 11:12 am - Link - Report abuse 0
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:o))
If Brazil's economy contracts any further - which it will in any case; eventually one will need a microscope to take a look for doing something about it; at least for figuratively.
May 23rd, 2016 - 10:56 am - Link - Report abuse 0
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