Brazil's Economy Contracts The Most in 6 Years

The Brazilian GDP shrank by 1.6 percent year-on-year in the first three months of 2015. It is the fourth consecutive contraction as domestic demand and investments struggle to gain traction.

Gross fixed capital formation shrank 7.8 percent, government spending decreased 1.5 percent and household consumption fell 0.9 percent. Exports rose 3.2 percent while imports decreased 4.7 percent. 

On a quarter-on-quarter basis, the economy shrank 0.2 percent in the first quarter of 2015, better than market expectations of a 0.5 percent drop but down from a 0.3 percent rise in the previous period.


Joana Taborda |
5/29/2015 2:37:59 PM