Tagged: recession

Brazil remains mired in a deep recession

The government of President Michel Temer plans to free budget spending in real terms for 20 years to plug a gaping budget deficit and haul Latin America’s largest economy out of its worst recession...

Brazil falls into recession

Brazil officially slipped into recession as the economy contracted 1.9 per cent in the second quarter from the previous three-month period, according to figures published by IBGE, the national statistics agency. That was the biggest...