Regional News • Americas • Brazil

Brazilian GDP shrinks 1.5% during first quarter

Brazilian GDP for the first quarter of 2020 fell 1.5% compared to the previous three months. This is the largest quarterly contraction since 2015.

As the country started social distancing measures only in the second half of March, analysts expect the full effect of the Covid-19 pandemic to appear on results for the second quarter of 2020.

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