RIO DE JANEIRO, BRAZIL - Brazilian economy suffered its largest contraction in nine months this February, a central bank indicator showed on Monday.
The central bank's IBC-BR economic activity index, a leading indicator of gross domestic product (GDP), fell 0.73 percent in February from January. That followed a drop of 0.31 percent in January, a smaller contraction than first reported. "Economic indicators so far continue to suggest a slight drop of 0.1 percent for GDP in the first quarter of this year," Bradesco economists wrote in a note.
The data adds pressure on new . . .