Brazil's Worst-ever Recession Unexpectedly Deepens in Late 2016 1 234 567

Brazil's Worst-ever Recession Unexpectedly Deepens in Late 2016

voanews.com

Brazil's worst-ever recession intensified unexpectedly in the final quarter of 2016, data showed on Tuesday, frustrating hopes for signs of a recovery and stepping up pressure on President Michel Temer and the central bank to do more to promote growth.

Brazil's gross domestic product contracted by 3.6 percent last year, statistics agency IBGE said, following a 3.8 percent drop in 2015. The nation's two-year downturn is the longest and deepest on record for Latin America's...

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