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Brazil’s economy contracted last quarter for the first time in over a year, government data showed Thursday, in a downturn expected to complicate President Luiz Inácio Lula da Silva’s first year in office. Latin America’s largest economy shrank 0.22% in the final three months of last year, weighed down by declines in industry, according to…
Brazil’s economy contracted in the fourth quarter for the first time in over a year, according to data released Thursday by the country’s statistics institute. That represented the continuation of a downturn that is expected to complicate President Luiz Inácio Lula da Silva’s first year in office. GDP in Latin America’s largest economy was weighed down by a decline in industry. Oil production was the only bright spot in the industrial sector in the fourth quarter, with manufacturing, construction and utilities all contracting, the institute said. Lula has spent considerable time bemoa...
Brazil’s economy contracted in the fourth quarter for the first time in over a year, according to data released Thursday by the country’s statistics institute
BRASILIA, Brazil (AP) — Brazil’s economy contracted last quarter for the first time in over a year, government data showed Thursday, in a downturn expected to…
'Brazil is back' will be one of the main messages of President Lula da Silva during his trip to the US. He has ambitious foreign policy plans; some analysts are skeptical though.