Brazil to Slip Back Into Recession, Data Suggest
06/30/2017 - 10H23
STEVE JOHNSON
"FINANCIAL TIMES"
Brazil is likely to fall back into recession later this year and the South African economy may also continue to contract, according to a forward-looking economic indicator.
Latin America's largest economy returned to growth in the first three months of 2017, with quarter-on-quarter expansion of 1 per cent officially ending a brutal two-year recession, the worst in Brazil's history, as the first chart shows.
However, the country is set to slide back into recession, possibly in the third quarter of the year, according to Ed Jones, chief executive of World Economics, which produces a family of sales managers' indices or SMIs, based on replies from a panel of salespeople across the services and manufacturing sectors, which it claims is the most forward-looking data series available.
More:
http://www1.folha.uol.com.br/internacional/en/business/2017/06/1897345-brazil-to-slip-back-into-recession-data-suggest.shtml
