4bf9499486ec2200b11b1cb6b18eb9756a8cdbbe

Brazil tumbles into recession

The assembly line at Nissan's Industrial Complex in Resende, west of Rio de Janeiro, Brazil, on Februrary 3, 2015Brazil has slipped into recession, the government said Friday, deepening the gloom in the world’s seventh largest economy already battered by falling commodity prices, political crisis and a corruption scandal. Brazil is now in its biggest contraction for six years and with the 2015 slump forecast to extend in milder form through 2016, economists believe the country is headed for the longest recession since 1931. Brazil’s economy has been tailing off for four years, ever since the end of a boom fueled by commodity exports, principally to China.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article