Services shrank 4.5 percent, and industry 3.5 percent. These two sectors combined, IBGE reported, account for 95 percent of Brazil’s economy. Agriculture, on the other hand, was up two percent.
If the GDP is confirmed to sink for two consecutive quarters, the country can be said to face technical recession.
Brazil’s National Broad Consumer Price Index (IPCA), which gauges the country’s official inflation, revealed a 0.21 percent drop in prices in November, as reported by the government’s statistics agency IBGE.
Português 
Español 
