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Brazil's 4Q22 GDP contraction signals challenge for Lula

Por: ABC News Business March 02, 2023

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BRASILIA, Brazil -- 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 data from the country's statistics institute. Oil production was the only... + full article



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