Brazil Registers in 2015 the Worst GDP Retraction Since 1990

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Economists had predicted a decline in the Brazilian Gross Domestic Product (GDP) for 2015, but the official amount released on Thursday by the IBGE (Brazilian Statistics Agency) was gloomier than forecasted. According to the IBGE, Brazil’s GDP registered a decline of 3.8 percent in 2015, totaling R$5.904 trillion, the greatest decline since 1990.

The 2015 data shows a retraction in all but one sector . . .

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