Brazil's economy slumps to 25-year low
by Katie Allen from Economics | The Guardian on (#15X0R)
GDP fell 3.8% in 2015 as collapse in oil prices, rising inflation and political turmoil took toll
Brazil's economy suffered its worst slump for quarter of a century last year as a global commodity rout, a domestic political crisis and rising inflation forced businesses to slash spending and jobs.
Related: Brazil: Moody's becomes third rating agency to label country's debt junk
Continue reading...