Brazil: Recession GDP Plunges 1.9 Percent in Second Quarter

Published August 29, 2015 by godshope1971

RIO DE JANEIRO — The bottom seems to have fallen out of Brazil’s economy, with the government reporting Friday that the gross domestic product plunged 1.9 percent in the second quarter alone, once again throwing the nation into a technical recession.

It’s more bad news for President Dilma Rousseff, who is fighting for her political life. Two-thirds of Brazilians polled say they want to see her impeached because of a massive corruption scandal and what is widely perceived as mishandling of the economy. ∞∞∞∞∞ MORE »»»»

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