Industry Struggles as Brazil Economy Slows

By Sarah de Sainte Croix, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Employment and production statistics indicate a significant slump in Brazil's industry sector (which accounts for 26.9 percent of the GDP) in recent months. Economists are pointing to the dramatic slowdown in the Brazilian economy, which has caused industry to stall and jobs in the sector to dry up.

A report by the IBGE (Brazil’s government statistics agency) released on March 13th, showed that industrial production indexes had fallen by a national average of 2.1 percent in just two months, between December 2011 and the . . .

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