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Economic activity slid by 4.3% in 2016

16/02/2017 at 13:37h

Brasília – Economic activity in Brazil slumped by 4.34% in 2016, as per the Economic Activity Index (IBC-Br) issued by the Brazilian Central Bank this Thursday (16). Activity shrank by 3.13% in Q4 2016 compared with Q4 2015. Activity also eased in Q4 from Q3 2016, by 0.36%.

The IBC-Br tracks the progress of economic activity in Brazil. The government’s economic performance indicator is the Gross Domestic Product (GDP) which is calculated by the Brazilian Institute of Geography and Statistics (IBGE).

Via Agência Brasil. Translated by Gabriel Pomerancblum

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