SÃO PAULO — Is Brazil destined to be the fattest country in the world? Some experts say it could be, and as soon as 2030.
LONDON — Brazil lost 1.54 million jobs in 2015, officials said Thursday, as the country’s economy continues to contract amid the worst recession in a generation.
Industrial, civil construction and services sectors were worst affected, according to statistics issued by Brazil’s Ministry of Labor and Employment, which represent the worst result in 24 years.
Labor Minister Miguel Rossetto admitted 2015 had been a “difficult” year. “It is not a good result. We saw a reduction in jobs and average salaries, but the victories of previous years have been preserved as the level of jobs remains high,” Rossetto was quoted by local media as saying.
LONDON — Brazil’s economy will shrink by nearly 3 percent in 2016, according to estimates published Monday in a weekly central bank survey of 100 of the country’s economic institutions.
Gross domestic product in Latin America’s largest economy will contract by 2.95 percent in the thirteenth consecutive cut in the outlook for 2016.
The predictions are more than previously expected by economists, as economic output and confidence continue to dwindle amid a prolonged political crisis.