Brazil’s economy stalled in the third quarter of this year, demonstrating the vulnerability of the world’s emerging market growth engines to the slowdown in the developed world.
Gross domestic product failed to grow in the three months ended September 30 compared with the previous quarter as weakness in the industrial sector spread to Brazil’s once vibrant consumer.
“Consumption is really slowing down – it’s no longer something that people feared might happen, it’s gradually being realised,” said George Lei, an economist with Nomura in New York.
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