Daily Archives: 5 January 2016

Anadolu Agency

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.

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