By Xiu Ying, Contributing Reporter
RIO DE JANEIRO, BRAZIL - According to a survey by economist Vitor Vidal Velho, of LCA Consultores, almost five years after the onset of recession in the second quarter of 2014, Brazilian Gross Domestic Product (GDP) is still 5.1 percent below the pre-recession level.
This level is 11.7 percent lower than what was observed around the world after periods in which the economy moved backward.
On average, after a recession, countries take three years to get back to square one and make up for the lost time.
But, according to the study, if . . .