Brazil’s Economy Contracts 0.2 Percent in Q1 of 2015

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s economy registered a decrease of 0.2 percent during the first quarter of 2015 in relation to the fourth quarter of 2014, according to the IBGE (Brazilian Statistics Bureau), totaling R$1.408 trillion for the first three months of the year. In comparison to the same period last year, the decline is even greater with 1.6 percent.

The data, released Friday morning (May 29th), shows that in relation to the last quarter of 2014 the only sector of the economy which registered a positive result was . . .

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