Arab Today, arab today brazil in technical recession as second quarter gdp slides
Last Updated : GMT 15:59:42
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Brazil in technical recession as second quarter GDP slides

Arab Today, arab today

Arab Today, arab today Brazil in technical recession as second quarter GDP slides

Brazilian Central Bank
Rio de Janeiro - AFP

Brazil is in technical recession after the country's national statistical institute unveiled a 0.6 percent drop in second quarter GDP on Friday, while revising the Q1 figure down from 0.2 to -0.2 percent.
The figures, coming barely a month before the country goes to the polls for presidential and elections, will worsen already low industrial and consumer confidence in Latin America's biggest economy.

 

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