Note

June 30, 20 - 3:34 pm - LABS

Brazil entered a recession in the first quarter, say committee of economists

Brazil entered a recession in the first quarter of 2020 after an expansion cycle that lasted 12 quarters. That’s the diagnosis of the Economic Cycles Dating Committee (Codace, in the acronym in Portuguese), a committee created by the Brazilian Institute of Economics (IBRE), within the Getulio Vargas Foundation (FGV) released on Monday.

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