Brazil tumbles into recession

[progree]

Source: AFP

Rio de Janeiro (AFP) - Brazil has slipped into recession, the government said Friday, deepening the gloom in the world's seventh largest economy already battered by falling commodity prices, political crisis and a corruption scandal.

In the second quarter of this year, gross domestic product fell 1.9 percent, according to official figures

... Year-on-year, the second quarter growth was down 2.6 percent.

Brazil is now in its biggest contraction for six years and with the 2015 slump forecast to extend in milder form through 2016, economists believe the country is headed for the longest recession since 1931.

Read more: http://news.yahoo.com/brazil-enters-recession-second-quarter-001943984.html

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Inflation at 9.56%, unemployment rate 7.5%.

World's 7th largest economy. One of the 5 BRICS countries - Brazil, Russia, India, China, South Africa.

[Tarheel_Dem]

1. China's slowdown will impact them all deeply, with the possible exception of India. China slowing..

down, Brazil in recession, and we know the Russian economy already sucks. I just hope we're sufficiently insulated.

[freshwest]

2. WHY is this happening? Plenty of everything people need is in Brazil. Can't see link since danged

Yahool always freezes up my browser. Fortunately I got away from it before my computer needed to be rebooted because of them. So if the answer to my question is at the link, I can't see it.

[jtuck004]

4. From the link...

[div class="excerpt"...
Brazil's economy has been tailing off for four years, ever since the end of a boom fueled by commodity exports, principally to China. Falling prices for oil and other commodities have punched huge holes in the budget.

Adding to the economic malaise is a growing political crisis in which President Dilma Rousseff faces calls for her impeachment and discontent -- even among many of her own supporters -- over attempts to push through austerity measures.
...

[progree]

5. Fall of commodity exports, principally to China, plus fall of commodity prices, a double whammy

Sorry your browser / system doesn't like stories from Yahoo News. I have both Internet Explorer and Chrome and have never had problems with them (Windows 7 desktop computer). You might Google "brazil recession" (without the quotes) -- lots of stories to choose from.

[freshwest]

6. Thanks, I'll google that title. And thanks for the rest, too. n/t

[C Moon]

7. Yahoo "News" is a joke, anyway.

I followed them during the 2012 election (when I could stomach it), and it was basically Fox News crud.

[Judi Lynn]

9. Thanks for mentioning it! n/t

[freshwest]

10. True. And the links disappear. If one goes there, one needs to google for a link that'll last. n/t

[progree]

12. I've never had that happen to me, and I've been using news.yahoo.com for years

Unless you mean they change the stories frequently, which is true of any news aggregator site. But the links to the stories themselves, like the one in my http://news.yahoo.com/brazil-enters-recession-second-quarter-001943984.html to the Brazil recession story, are good for months, even years. I collect notes on articles that include these links, and occasionally revisit the story.

[progree]

11. They are a news aggregator site carrying stories from a number of MSM like AP, Reuters, ABC,

as well as even a few from one or two left-leaning sources like TakePart.com.

So I'm baffled. My OP is from AFP (Agence France Presse).

So can you please explain the "joke" part and the "Fox News crud?" Thank you

Edited To Add: 2012 might have been different -- sometime in the past they'd carry stories all the times from the Daily Caller, which is an awful RW (Tucker Carlson) source. Years ago I used to complain and complain to Yahoo about it, I guess so did a number of others, and it apparently made a difference.

[jtuck004]

3. An injury to one is an injury to all. n/t

[LeftOfWest]

8. Tax cuts/breaks/offshore accounts for billionaires.

Home to roost now.

[daleo]

13. Canada is probably in recession too