Brazil’s economy shrank by 3.8% in 2015, according to the national statistics agency IBGE. The world’s seventh-largest economy has fallen sharply in recent months due partly to low commodity prices and sluggish global growth. Political paralysis has hampered Brazil’s efforts to tackle its economic problems, including a budget deficit that has reached 10.8% of GDP.… Continue reading Brazil’s Economy Falls 3.8% in 2015