Brazil enters into recession as post-COVID recovery falls flat

Brazil enters into recession as post-COVID recovery falls flat

Brazil enters into recession as post-COVID recovery falls flat

Aljazeera says The blow to economic growth comes as President Jair Bolsonaro prepares for his re-election campaign.

Brazil’s economy fell into recession as extreme weather conditions, high interest rates and inflation cut short its recovery from the pandemic, dealing a blow to President Jair Bolsonaro just as he prepares for his re-election campaign.

Gross domestic product fell 0.1% in the July-September period after posting a revised decline of 0.4% in the second quarter. From a year ago, the economy expanded 4%, the national statistics agency said on Thursday.

https://www.aljazeera.com/economy/2021/12/2/brazil-enters-into-recession-as-post-covid-recovery-falls-flat


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