GDP in the Third Quarter

BRAZIL ECONOMICS - Report 03 Dec 2015 by Affonso Pastore, Cristina Pinotti, Marcelo Gazzano and Caio Carbone

Third-quarter GDP contracted 1.7% in relation to the previous quarter. The estimate for the year is a drop between 3.7% and 4%, and based on an estimate that GDP will fall by 1% in the fourth quarter, the carry-over to 2016 is -2%.

The recession has lasted six quarters and the drop in GDP drop from the previous peak already adds 5.8%, meaning this is one of the longest and deepest recessions dated by CODACE.

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