Showing posts with label Brazilians. Show all posts
Showing posts with label Brazilians. Show all posts

Wednesday, December 30, 2015

Brazilian consumers face tough choices as recession bites

The public sector deficit - the difference between what the government spends and what it receives in revenues - rose to 19.6bn reais ($5.1bn).

Brazilian shoppers
This was worse than expected and much higher than October's 11.5bn reais.
The government is struggling to increase tax revenues as the economy continues to shrink.

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