Latin America’s largest economy shrank the most in a quarter century last year and no recovery is in sight as shriveling demand and political crisis pummel activity.
Brazil’s gross domestic product contracted 1.4 percent in the three months ended in December, after a 1.7 percent drop the previous quarter, the national statistics institute said Thursday in Rio de Janeiro. While the figure was better than the 1.6 percent decline estimated by 47 economists surveyed by Bloomberg, it wasn’t enough to prevent Brazil’s GDP from sinking 3.8 percent in 2015. That was greatest plunge in 25 years, according to data from the government’s economic research institute IPEA.
Brazil Energy Insight 
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