Brazil’s economy shrank 3.8% in 2015, its worst year – RPP News

The wayward course of the Brazilian economy reflects the delicate situation in the country. <- | Source: EFE -> | Source: EFE

Brazil contracted by 3.8% in 2015 and thus suffered its biggest economic downturn in the last 25 years, a fact that reflects the sharp crisis in the country which for years was the locomotive of Latin America.

with unemployment rising, inflation at 10.67% -above the roof of the goal officer and consumption minimum, president Dilma Rousseff faced in 2015 a black year, the worst in economic matters the last quarter century.

the collapse of Gross Domestic Product (GDP) Brazil, reported by state Brazilian Institute of Geography and Statistics (IBGE), was more alarming than expected by the financial market, which envisaged a decline of 3.71% and portends a decline of 3.45% for 2016.

confirmed the forecast for this year, Brazil would chain two years in red for the first time since 1930.

Unemployment is rising and inflation reached 10.67% <- | source:.! EFE – -> | Source: EFE

worrying figures

the wayward course of the Brazilian economy reflects the delicate situation in the country that, despite everything, remains the seventh largest economy in the world, while confirming the negative trend in which is submerged Brazil.

the expansion registered during the last mandate of exmandatario Luiz Inacio Lula da Silva, when Brazil came to grow 7.6% in 2010, in contrast to the data harvested by its policy goddaughter: in 2011 GDP expanded 3.9%; in 2012, 1.9%; in 2013, 3% and a low 0.1% in 2014.

according to the IBGE, the GDP slowdown was caused by the cooling of virtually all areas of the economy, of which only agricultural activity, which grew by 1.8% was saved

EFE

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