RIO DE JANEIRO, BRAZIL - Amid the pandemic upsurge, the Brazilian economy began 2021 with signs of a slowdown.
With no emergency aid for casual workers, discontinued in January, a contraction of the Gross Domestic Product (GDP) in this first quarter was already on the radar. Now, there is a growing number of analysts who expect a drop in the second quarter too, creating what the market calls a "technical recession", when the economy contracts for two straight quarters.
With a poor Christmas for trade and with the service sector closing the year still far from normal, December signaled a slowdown . . .
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