Commerce in Brazil Registers Lowest Growth Since 2002

By Lisa Flueckiger, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - Commerce in Brazil grew by 2.6 percent between January and June of 2015 in comparison to the same period last year. This constitutes the lowest increase registered for the first semester of a year since 2002, according to data published on July 7th by consultancy Serasa Experian.

"It is the result of the economic environment that began to deteriorate last year, with rising inflation, interest rates, and now, more recently, rising unemployment," economist at Serasa, Luiz Rabi, told Agencia Brasil.

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