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Brazil’s economy enters ‘outright depression’

Brazil’s Economy is in Depression Brazil’s economy shrank more than analysts forecast, as rising unemployment and higher inflation sapped domestic demand, pulling the South America largest economy deeper into what Goldman Sachs now calls “an outright depression”. Gross domestic product in Brazil contracted 1.7 per cent in the three months ended in September, after a revised 2.1 per cent drop the previous quarter, the national statistics institute said in Rio de Janeiro. That’s…
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