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Brazil growth plunges 3.8%, biggest fall in 25 years

Brazilian GDP fell 3.8 percent in 2015Brazilian GDP fell 3.8 percent in 2015, the government said Thursday, in the steepest drop-off of economic growth for the Latin American giant in 25 years. The latest gloomy news from Brazil was no surprise, but the severity underlined the depth of problems facing President Dilma Rousseff’s government as it battles both worsening recession and 10.67 percent inflation. In the last quarter of 2015 the all-important mining sector was down 6.6 percent, reflecting the worldwide slump in commodity prices and demand for Brazil’s iron ore and other raw materials.

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