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About: http://data.cimple.eu/news-article/842d19ab363e3e281f40da03a83d68e67f58cfc6eca5e6cee8d01c85 Goto Sponge NotDistinct Permalink

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schema:articleBody	Brazil's economy rebounded by 7.7 percent in the third quarter compared with the second, coming out of the recession it had been briefly plunged into by the coronavirus pandemic, the statistics institute IBGE announced Thursday. The result is below the average 8.8 percent growth predicted by analysts who spoke to Brazil's largest financial newspaper, Valor, and does not compensate for the year's losses, which continue to mark a contraction of 5 percent over the same period in 2019. The government of far-right leader Jair Bolsonaro forecasts an overall decline of 4.5 percent for Latin America's biggest economy in 2020. The International Monetary Fund (IMF) is less optimistic, however. On Wednesday it predicted a 5.8 percent drop in Brazil's GDP in 2020 and a 2.8 percent rebound next year. Brazil, with 212 million people, entered a recession after two consecutive quarters of contraction in 2020 -- 2.5 percent in the first quarter and 9.7 percent in the second. The country has been hit hard by the pandemic, which has killed more than 174,000 people there, the second-highest death toll worldwide after the United States. The third-quarter rebound is driven by government aid to businesses and the 60 million or so poorest Brazilians, but at the price of an increasingly high public deficit and debt. The aid was reduced by half in September and risks being eliminated as of January. pt/st/bgs
schema:headline	Brazilian economy rebounds 7.7% in third quarter: official
schema:mentions	Latin America Deficit spending Brazilian Institute of Geography and Statistics Far-right politics Recession International Monetary Fund Gross domestic product Jair Bolsonaro Pandemic Brazil United States Severe acute respiratory syndrome coronavirus 2 Valor Ecclesiasticus Economy of Brazil
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-03 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	60 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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