The Americas | Brazil's economy
Another big decline in GDP
The ranks of disgruntled Brazilians are growing
BRAZIL’S GDP shrank by 1.9% in the second quarter of 2015 compared with the previous quarter, the biggest decline by that measure since 2009. Compared with the same quarter last year, the economy contracted by 2.6%. This continues a sequence of dismal numbers. The unemployment rate rose to 7.5% in July, from 4.9% a year earlier—the fastest annual rise on record. Inflation remains high. GDP will continue shrinking in 2016, economists forecast.
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