Tag Archives: Recession

Brazil has entered recession after official figures showed the country’s economy contracted by 1.9% between April and June compared with the previous three months. Analysts had expected a contraction, but the number was worse than expected. First quarter output was also revised down to show a 0.7%, rather than a …

Switzerland unexpectedly avoided a recession last quarter as investment and private consumption helped return the economy to growth. Gross domestic product increased 0.2 percent in the three months through June, after a contraction of 0.2 percent in the previous quarter, the State Secretariat for Economic Affairs in Bern said on …