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Mittwoch, 11. März 2009

Brazil's economy shrinks sharply

Brazil suffered its biggest quarterly decline in economic output for more than a decade in the final three months of last year, official figures show.

Gross domestic product (GDP) shrank by 3.6% from the previous quarter, the largest quarterly decline since 1996.

The fall ends a three year run of consistent economic growth in Brazil, although output for the whole of 2008 remained strong at 5.1%...more detail here at BBC -->

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