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About: http://data.cimple.eu/news-article/7b2fab2e8a8ec7247c6544df2e6a025434dded6be1e843251da8c687 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	The Brazilian economy slowed in President Jair Bolsonaro's first year in office, according to official data released Wednesday, disappointing news for markets that had bet on the far-right leader to engineer an economic take-off. Brazil's economy, the largest in Latin America, grew 1.1 percent in 2019, down from 1.3 percent in each of the previous two years, said the national statistics institute, IBGE. Growth for the fourth quarter of the year came in at a lackluster 0.5 percent. Bolsonaro, who has been dubbed a "Tropical Trump," took office on January 1, 2019, after storming to a shock election win in a Brazil fed up with corruption scandals and coming off a brutal recession. The former army captain vowed to jump-start the economy with pro-market reforms, austerity cuts and privatizations, winning the support of the business sector. Soon after he took office, analysts forecast economic growth of 2.5 percent for the year. The final figure came in at barely half that. "It was a cold bath of reality," said economist Victor Beyrute of consulting firm Guide Investimentos ahead of the figure's release. "Brazil is going through a transition period, and the problem can't be solved in a year." jhb/bfm
schema:headline	Brazil economy slows in Bolsonaro's first year
schema:mentions	Latin America RCA Records National Institute of Statistics and Geography Austerity Brazilian Institute of Geography and Statistics Economist Sea captain Far-right politics Recession President of Brazil Jair Bolsonaro Brazil Donald Trump Economy of Brazil Lackluster Radio in New Zealand
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-04 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	63 (xsd:integer)

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