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During the economic crisis, high unemployment rates were reported throughout the country, and there was widespread uncertainty regarding Brazil's economic future following a series of political scandals. [3] In the first quarter of 2017, Brazil's GDP rose by 1%. This was the first GDP increase to occur in eight consecutive quarters.
2014 Brazilian economic crisis: Also known as the "great Brazilian recession", it was marked by two consecutive years of recession and a very slow recovery. The economic crisis led to a political one which, with other factors, culminated in the impeachment of Dilma Rousseff. The fiscal crisis was not an explicit cause of her impeachment. [18 ...
Its GDP surpassed that of the United Kingdom in 2012, temporarily making Brazil the world's sixth-largest economy. However, Brazil's economic growth decelerated in 2013 [34] and the country entered a recession in 2014. The economy started to recover in 2017, with a 1% growth in the first quarter, followed by a 0.3% growth in second quarter ...
Brazil's economy has entered a phase of stagnation that will persist next year as unrelenting inflation curtails consumer spending and policymakers struggle to find answers, a Reuters poll showed.
Brazil’s real on Wednesday fell to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors' frustration with President Luiz Inácio Lula da Silva's ...
BRASILIA (Reuters) -Brazil's economic growth slowed more than expected in the third quarter as higher interest rates affected household spending, underscoring challenges facing President-elect ...
By the mid-1980s, domestic debt nearly displaced foreign debt as Brazil's main economic problem. [16] During the high-growth 1970s, a significant portion of foreign borrowing had been by state enterprises, which were the main actors in the import substitution industrialization strategy. [16] Initially, they borrowed to finance their investments ...
Approval of President Luiz Inacio Lula da Silva's performance has fallen on Brazilian worries that Latin America's largest economy is worsening, a new Genial/Quaest poll showed on Wednesday.