Brazilian economy declines for first time since 2009

Note: This section contains information in English only.
Source: Bloomberg
Brazilian economy posted the first quarterly decline for the first time in more than two years, as the GDP shrank 0.5%, comparing with the previous quarter. Economists predicted the economy to decline not much than 0.3%. At the same time, the country's economy advanced 1.8% in Q2, up from the previous estimate. Analysts predict the economic growth in Brazil to reach 2.2% this year.
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