Brazilian economy down by 3% in May, according to FGV GDP Monitor

The Getulio Vargas Foundation’s (FGV) GDP Monitor shows a 3% contraction of the Brazilian economy in May, relative to April, with the adjusted data taken into account. Despite the decrease, an interannual analysis revealed 1.8% growth in May and 3.5% for the quarter ending in May. FGV’s economist attributes the downturn primarily to the conclusion […]

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