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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?