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Montevideo, September 27th 2023 - 18:46 UTC

Tag: Joao Pedro Ribeiro

  • Friday, March 4th 2016 - 07:17 UTC

    Brazilian GDP contracted 3.8% in 2015, the worst among major economies

    Brazil's economic performance last year vies with that of Russia as the worst in a major economy for 2015.

    Brazil's GDP fared worse than almost any other major economy in 2015, contracting by 3.8%, according to the national statistics agency IBGE. Economic growth in the world's seventh-largest economy has fallen sharply in recent months, which was due partly to low commodity prices and sluggish global growth.