Brazil’s economy falls into recession, latest figures show

Jon Economy, Geopolitics, Government, Politics

Brazil has fallen into recession, just a month before the general election, latest figures show.
Economic output, GDP, fell by 0.6% in the three months to June, worse than analysts had predicted, and revised figures for the first quarter of the year also showed a fall of 0.2%.
A recession is usually defined as two consecutive quarters of contraction.
The news will be damaging for the government of President Dilma Rousseff.

This post was published at BBC