36679
Brazil Economy Worsens
World Economy

Brazil Economy Worsens

Economic activity in Brazil fell for the 10th straight month in December, central bank data showed on Thursday, adding to evidence that the recession in Latin America’s biggest country is far from bottoming out. The Brazilian central bank’s IBC-Br economic activity index fell 0.52% in December from the previous month, the bank said. A Reuters survey of 20 analysts forecast a 0.63% decline in the indicator, a gauge of activity in the farming, industry and services sectors. For all of 2015, activity fell a staggering 4.1%, the index showed. Economists expect the Brazilian economy to shrink again by more than 3% this year.

 

Short URL : https://goo.gl/zk1ZB1
  1. https://goo.gl/Q98wip
  • https://goo.gl/tbFXvD
  • https://goo.gl/xOzOL9
  • https://goo.gl/84XQ7p
  • https://goo.gl/Je5aUt

You can also read ...

Jordan Approves New IMF-Guided Tax Law
Jordan’s cabinet on Monday approved major IMF-guided proposals...
SBI Reports Record $1.1b Loss
State Bank of India reported a loss of Rs. 7,718 crore ($1.1...
US, China are nearing a deal to remove American sales ban against ZTE.
US President Donald Trump retreated from imposing tariffs on...
IHS Markit to  Buy Rival Ipreo  for $1.8 Billion
Data firm IHS Markit Ltd. said it will buy smaller rival Ipreo...
Philippines May Suspend Excise Taxes on Petroleum Products
The Philippine government will suspend the collection of...
EU, Mercosur Discuss Trade Deal
The European Union and South America’s Mercosur bloc could...
German Growth Picks Up After Q1 Slowdown
The German economy is in a strong upswing despite data showing...
Dubai Bank to Buy Turkey’s Denizbank for $3.2 Billion
Dubai’s biggest lender the National Bank of Dubai has agreed...

Trending

Googleplus