BRASILIA -Brazil’s economic system shrank within the fourth quarter, official information confirmed on Thursday, including to an total slowdown final yr as President Luiz Inacio Lula da Silva once more blasted the central financial institution for top rates of interest impeding a swifter restoration.
The economic system contracted 0.2 % within the October-to-December interval, in contrast with the earlier quarter, in accordance with official statistics company IBGE.
The decline in gross home product, which casts a shadow over the 2023 outlook for Latin America’s largest nation, largely matched the drop forecast in a Reuters ballot of economists.
Lula, reiterating his critique of the nation’s impartial central financial institution in an interview with l…
Carry on studying: Brazil’s economic system stalled final yr; Lula blames excessive borrowing prices
