Arab Today, arab today brazils gdp posts second consecutive contraction
Last Updated : GMT 21:17:59
Arab Today, arab today
Arab Today, arab today

Brazil's GDP posts second consecutive contraction

Arab Today, arab today

Arab Today, arab today Brazil's GDP posts second consecutive contraction

People look at job postings
Sao Paulo - SPA

The Brazilian government said gross domestic product contracted for the second consecutive quarter, sending the economy of Latin America's biggest country into a technical recession, AP reported.

The government statistics bureau IBGE said Friday that Brazil's economy shrank 1.9 percent in the second quarter compared with the previous three months.

Gross domestic product in the first quarter contracted by 0.7 percent.

Brazil's economy has been hit by a drop in international commodity prices, sluggish global economic growth, rising inflation and high interest rates.

The IBGE said the biggest drop took place in the industrial sector, where construction output fell 8.4 percent. Government and private investments to increase output dropped 8.1 percent.

In the second quarter, household spending fell by 2.1% compared with the previous three months.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazils gdp posts second consecutive contraction Arab Today, arab today brazils gdp posts second consecutive contraction

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazils gdp posts second consecutive contraction Arab Today, arab today brazils gdp posts second consecutive contraction

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday