Only Brazil’s Midwest and South Have Regained Pre-Crisis Level of Economic Activity

Rio de Janeiro, along with Bahia and Sergipe, is among the most fragile economies in Brazil. According to Itaú's activity index, the level of the economy in these states is more than eight percentage points lower than in 2014.

RIO DE JANEIRO, BRAZIL - Brazil has yet to regain the economic level it recorded at the peak of activity before the crisis erupted five years ago. Throughout the country, however, economic performance has not been uniform.

The Midwest and South, according to the Itaú index for business activity -- which includes formal jobs, trade, industry, and agriculture -- are the two regions that have reached or overtaken the level they exhibited in March 2014. The downward spiral of . . .

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