Recession in Brazil Might Continue Until 2016

By Lisa Flueckiger, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - Analysts of the Brazilian economy have changed their forecast for 2016 for the first time to negative, assuming a contraction in GDP for the second year in a row. So far, estimates had always predicted a negative GDP for 2015, but a return to growth for the country in 2016.

In the latest Focus bulletin, published by Brazil's Central Bank on Monday, August 17th, surveyed analysts estimated the country's GDP to contract by 2.01 percent in 2015. This is the fifth Subscribe to our Premium Membership Plan. Already Subscribed?