Brazil's economy contracted 0.81 percent in the first quarter compared with the last three months of 2014,bayern munich jersey adidas, the Central Bank reported Thursday.
The bank's Index of Economic Activity,vintage chelsea fc t shirts, or IBCBr,jersey portugal di piala dunia, is usually an accurate predictor of gross domestic product and the reading for JanuaryMarch shows that Brazil is technically in a recession,chelsea white goalkeeper kit, as the economy shrank 0.2 percent in the fourth quarter of 2014.
Two consecutive quarters of decreasing economic activity fit the textbook definition of a recession,juventus away jersey images.
The IBCBr results validate the pessimism among private sector economists,arsenal shirts for sale south africa, who forecast that after growing a mere 0.1 percent in 2014,bayern munich jersey junior, Brazil's economy will contract 1.2 percent this year.
If that prediction is borne out,tottenham hotspur kit size guide, it would represent the worst performance by Latin America's largest economy since 1990.
Brazil's economy shrank 1.18 percent in the 12 months ending March 31,arsenal goalkeeper shirt sports direct, according to the Central Bank report.
Consumer spending,liverpool fc away goalkeeper kit, long the driver of Brazilian economic growth,liverpool fc football kit 2013 14, has begun to diminish this year and the drop in domestic demand has resulted in falling sales and production as well as increasing unemployment.相关的主题文章：


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