PIB -4,5 %
Economia

PIB -4,5 %


Brazil’s economy shrinks by record 4.5%

Brazil’s gross domestic product fell by a record 4.5 per cent year-on-year in the third quarter, confirming fears that Latin America’s largest country is on track for its worst recession since the Great Depression.
Lower commodity prices, fiscal contraction and the fading of a consumer credit boom have battered what was once one of the world’s fastest-growing economies.
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