02 Jun 2017
Brazilian recession has ended
The recession in Brazil technically ended after two years
After eight quarters with declining GDP the Brazilian GDP increased 1% in the first quarter of 2017 compared to fourth quarter of 2016. This technically ends a two years long recession in Brazilian economy, but the number was impacted very positively by the agricultural sector in the first quarter. The underlying macroeconomic indicators like investments and private consumption were still negative in the first quarter of 2017.
Watch video of some of our projects in Brazil