Brazil manages to avoid recession
The 0.4% growth in the second quarter will be a relief to President Jair Bolsonaro’s government
29 August 2019 - 17:56
Brasilia — Brazil’s economy rebounded in the second quarter after having shrunk in the first, official figures showed on Thursday, indicating Latin America’s largest economy comfortably avoided falling back into recession.
The 0.4% growth in the April-June period will be a relief to President Jair Bolsonaro’s government, which was in large part elected to revive an economy that was struggling to fully emerge from the devastating 2015/2016 recession...
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