By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – The Brazilian Gross Domestic Product (GDP) grew by 0.1 percent during the third quarter of 2014, removing the country from a technical recession, according to data from the IBGE (Brazilian Institute of Geography and Statistics). A ‘technical recession’ occurs when the GDP falls for two consecutive quarters, which occurred in Brazil during the first (-0.2 percent) and the second (-0.6 percent) quarters of 2014.
In comparison to the same quarter last year, the Brazilian economy retreated by 0.2 percent. For the year the Subscribe to our Premium Membership Plan. Already Subscribed? Login Here