Brazil economy ‘to shrink in 2016’ – analysts

SÃO PAULO — Analysts believe the Brazilian economy will now contract in 2016, a year previously expected to herald improvements in the country’s sagging economic fortunes, a weekly survey of economists reported Monday.

The Central Bank’s Focus survey of dozens of economic institutions have now forecast for the first time that Brazil’s economy will shrink by 0.15 percent, reversing previous expectations of growth in 2016.

Brazil’s economy is also now expected to contract by over 2 percent in 2015, according to market analysts.

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17 August 2015

Huge protests in Brazil call for Rousseff’s impeachment

Anadolu Agency

SÃO PAULO — Hundreds of thousands of people took to the streets across Brazil on Sunday in protests against President Dilma Rousseff and her government.

Demanding an end to corruption in Rousseff’s multi-party government, many demonstrators called for Rousseff to be impeached.

Local media reported protests in more than 200 major cities across the country – the third such nationwide outpouring of dissent this year.

Police put crowds nationwide at 879,000 — more than in a similar protest in March but fewer than at one held in April.

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