×
272
Fashion Jobs
PRIMARK
Traceability Operations Coordinator
Permanent · BENGALURU
L'OREAL GROUP
Senior Manager - Sales Development (All Channels)
Permanent · Mumbai
L'OREAL GROUP
bd Consultant - l'Oreal, r&i, India
Permanent · Bengaluru
L'OREAL GROUP
Trade Marketing Manager – Matrix
Permanent · Mumbai
JANA SMALL FINANCE BANK
Area Sales Manager (Branch Banking) - Bhopal -mp
Permanent · Bhopal
MANPOWERGROUP SERVICES INDIA
B2B Sales Manager
Permanent · Gandhidham
LAL SWEETS
Area Sales Manager
Permanent · Agar
DHARAMPAL PREMCHAND (BABA)
Opening - Area Sales Manager - Pune
Permanent · Pune
PROMETO CONSULTING
Area Sales Manager (gt)
Permanent · Visakhapatnam
SHARP HRD SERVICES
Sales Manager
Permanent · Chennai
KONARK HERBALS AND HEALTH CARE (KHHC)
Area Sales Manager
Permanent · Ahmedabad
INTERMEDICS HEALTHCARE LLP
Area Sales Manager - Asm - Ivf/Hormones (Medical Devices)
Permanent · Lucknow
NATIONAL PAINTS
Area Sales Manager
Permanent · Bhopal
CREANDO ASSOCIATES PVT LTD
Area Sales Manager/Rsm/Ase
Permanent · Ghaziabad
PILLCRAFT PVT LTD
Area Sales Manager (Ayurveda Product Sales)
Permanent · Bhopal
HRD HOUSE
Area Sales Manager- Pharma CO.- Gynecologist Segment - Dhanbad hq
Permanent · Dhanbad
ONTRACK HR SERVICES
Area Sales Manager
Permanent · Hyderabad
CAPRI GLOBAL CAPITAL (CGCL)
Area Sales Manager
Permanent · Bhopal
PEOPLEFY INFOSOLUTIONS
Opening For Area Sales Manager For Nagpur Location
Permanent · Nagpur
HDB FINANCIAL SERVICES
Area Manager - Mortgage
Permanent · Chennai
PANOBIZ BUSINESS TECHNOLOGIES
Area Sales Manager - Auto Loans
Permanent · Chennai
HRD HOUSE
Area Sales Manager- Pharma CO.- Gynecologist Segment - Dhanbad hq
Permanent · Dhanbad
By
Fibre2Fashion
Published
Jun 3, 2016
Reading time
2 minutes
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Brazil dives deeper into recession

By
Fibre2Fashion
Published
Jun 3, 2016

For the fifth consecutive quarter, the Brazilian economy, the largest in South America has shrunk.


The Brazilian economy has shrunk .


According to government figures released on Wednesday Brazil's economy shrank 5.4 per cent in the first quarter of this year.

The news comes with Brazil only two months away from hosting the Olympics in Rio de Janeiro amidst a massive political turmoil.

In May, President Dilma Rousseff was temporarily suspended by a congressional impeachment vote. Her vice president, Michel Temer, has taken over as interim president.

Production fell in all the three main economic sectors: agriculture, industry and services.

Exports were a rare bright spot, increasing by 6.5 per cent compared with the fourth quarter after a sharp fall in the value of the real. Brazil is a major supplier of cotton and petrochemicals.

Experts had forecast Brazil's economy to shrink more than it did. The better-than-expected number reflected a last ditch effort by Rousseff to win over public support by increasing government spending in April prior to the vote.

Brazil is in its longest recession since the 1930s. Inflation has spiked up, consumer confidence has plummeted and a massive corruption scandal continues to engulf public officials two years since it first began.

Unemployment in Brazil had shot up to 11.2 per cent in the period between April and February. There are 11.4 million unemployed Brazilians, up nearly 20 per cent from a year ago.

Brazil's recession began at the beginning of 2015 as prices of commodities -- its main engine of growth -- crashed, and the corruption scandal at the state-run oil company, Petrobras, engulfed politicians of all stripes and many business owners.

Brazil's central bank estimated in March that the economy would shrink 3.5 per cent this year. Last year, Brazil's economy contracted by 3.8 per cent.

According to the Organisation for Economic Cooperation and Development (OECD), the Brazilian economy is expected to contract by 4.3 per cent this year.

Copyright © 2023 Fibre2Fashion. All rights reserved.