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Brazil’s GDP for 2015-2016 Registers Worst Results in 70 Years

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Gross Domestic Product (GDP) in Brazil closed 2016 with a retraction of 3.6 percent, making this current recession (2015-2016) the biggest the country has faced since 1947 when the government started to keep track of the GDP, according to the Brazilian Statistics Bureau (IBGE). In 2015 the Brazilian economy had already retreated by 3.8 percent.

Analysts however say that although it was the eighth consecutive quarter of contractions, the Q4 2016 should be the last on in the cycle. According to economists this quarter (Q1 2017 . . .

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