Economic Activity: More Black Clouds on the Horizon

BRAZIL ECONOMICS - Report 18 Jan 2016 by Affonso Pastore, Cristina Pinotti, Marcelo Gazzano and Caio Carbone

Each new round of data on economic activity has been bringing new negative surprises. The most recent results are no different, and now the signs are that GDP in 2015 contracted by 4%, with a high probability that this outcome will be repeated in 2016.

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