SÃO PAULO – The Brazilian economy has fallen into recession a little more than a month before the country’s general elections, according to figures released on Friday by Brazil’s national statistics agency, the IBGE.
Economic output fell 0.6 percent in the second quarter of 2014, compared to the first quarter, the agency said.
Previous figures indicated that the GDP had grown 0.2 percent between January and March, but the revised numbers show the economy had actually shrunk 0.2 percent in the first quarter, signaling a technical recession – defined as two consecutive quarters of negative growth.
Ben Tavener 