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Brazil's 4Q22 GDP contraction signals challenge for Lula

Brazil's economy contracted last quarter for the first time in over a year, government data showed Thursday, in a downturn expected to complicate President Luiz Inácio Lula da Silva's first year in office. ....

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Brazil's 4Q22 GDP contraction signals challenge for Lula - New Delhi Times - India Only International Newspaper

Brazil’s economy contracted last quarter for the first time in over a year, government data showed Thursday, in a downturn expected to complicate President Luiz Inácio Lula da Silva’s first year in office. Latin America’s largest economy shrank 0.22% in the final three months of last year, weighed down by declines in industry, according to… ....

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Brazil's economy shrank last quarter, in challenge for Lula

Brazil’s economy contracted in the fourth quarter for the first time in over a year, according to data released Thursday by the country’s statistics institute. That represented the continuation of a downturn that is expected to complicate President Luiz Inácio Lula da Silva’s first year in office. GDP in Latin America’s largest economy was weighed down by a decline in industry. Oil production was the only bright spot in the industrial sector in the fourth quarter, with manufacturing, construction and utilities all contracting, the institute said. Lula has spent considerable time bemoaning the fact that the central bank has held its benchmark rate at its highest level since 2016. ....

Distrito Federal , Rio De Janeiro , Estado Do Rio , United States , Thomas Traumann , Alberto Ramos , Goldman Sach , Bolsa Familia , Jair Bolsonaro , Associated Press , President Lula , Brazil Aid , President Jair Bolsonaro , Latin America ,